Demand for renting private parking spaces soars

31 May 2020 | David Young

According to ParkLet, there has been a recent surge in demand for private parking rentals in and around city centres as the nation starts slowly returning to work

Demand for renting private parking spaces soars

ParkLet, the UK's largest parking space letting agent, experienced a 47% rise above normal April levels after suffering an 82% slump at the beginning of lockdown.

The parking option has gained popularity as commuters shun public transport and look for an alternative to traditionally overcrowded and expensive city-centre car parks.

The firm's managing director Luke Kelly said: "Working from home is simply not possible for everyone and therefore those who do need to go out to work are trying their best to do so in the safest way possible."

Services across bus and train networks are running on a reduced capacity, raising public concern for potential overcrowding. For many, driving to work is the safest and most convenient travel option.

Even before lockdown, RAC research shows that the nation was already highly car-dependent because of poor public transport services.

ParkLet has also seen a surge in demand from employers renting parking spaces on behalf of multiple employees as they look to save costs on taxi fares.

Offices across the country have adopted rota systems to maintain social distancing and have continued to rotate parking spaces among their staff.

Mr Kelly added: "Many employees will want to get back into work as soon as they can but may choose to travel there in the comfort and security of their own vehicle.

"As our town and city centres have become increasingly developed and congested, finding convenient and affordable parking spaces near offices and other places of work has long been an issue for employees and employers alike.

Source: RAC