SF-Dwellers Can Now Auction Off Public Parking Spots Like Private Property

SF-Dwellers Can Now Auction Off Public Parking Spots Like Private Property
Home

Italian MonkeyParking mobile app provides a new way to incentivize drivers to free up their parking spaces.

Lin Qiu
  • 12 may 2014

San Francisco is a 7 by 7 mile square piece of land that hosts more than 800,000 people – needless to say space is very hard to come by. Apartment hunting can be a real undertaking, while finding parking space is equally frustrating. Italy-based startup MonkeyParking has created an app to help San Franciscans make the best of a bad situation, namely by allowing people to get paid when they leave a parking spot.

MonkeyParking_app.png

Basically, any driver with a car occupying a parking space can offer up a starting bid for their spot on the MonkeyParking app, then desperate drivers circling the vicinity can offer up their bids. Once the occupier accepts a bid they’re happy with, the winning bidder receives the exact parking location, and MonkeyParking pockets a percentage of the transaction.

Access this article for free
Fill in your email below and you'll gain access to this article while also receiving a number of membership features as part of a special 30-day trial.
*Already a member? Log in here

Learn About Our Membership Services

Need Research Help?
As a member you can ask us any research questions and get complimentary research assistance with a 4-day turnaround. Reports inclde stats, quotes, and best-inclass examples on research topics.
Remain Informed & Strategic
We publish several trends reports each month. By becoming a member you will have access to over 100 existing reports, plus a growing catalog of deep topical analysis and debrief-style reports so you always remain in the know.
See Trends Come To Life
Meet your peers and immerse yourself in monthly trend and innovation webinars and discounted conferences.
No search results found.