Downtown San Diego Condos


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55,000 Spaces and Nowhere to Park:

Businesses struggle with the cost of Downtown parking. 
(San Diego redevelopment planning)

As Downtown San Diego continues to grow -- Petco Park, new hotels, apartments and condominiums -- parking problems also pop up.

Not just availability, but price.

Downtown's redevelopment is going great guns, so more people live and work there, creating a crunch in some hot spots while other lots on the fringes of the city core remain under used.

Also, residential developers have been snapping up parking lots Downtown, reducing slots in high-use areas. All that has pushed rates higher by about 15 percent in the past two years, said Paul Chacon, a general partner with Five Star Parking.

The parking pinch has employers looking for ways to help workers with the growing expense. Some rent spaces for employees. Others pay for public transit passes to coax personnel to ditch their cars for trolleys and trains.

One thing is certain: Parking is an issue in hiring and retaining good employees in the Downtown core.

Map of Downtown Parking

 
Monique Parido, Realtor®
858-272-5510
 

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