I think even people advocating for required parking would concede that it adds to construction costs and reduces the total amount of housing available—but they’d presumably argue that there are other benefits offsetting those negative effects. This chart says nothing about what those benefits might be or whether the tradeoffs are worth it.
Omaha having a 5.3% population gain from 2017 to 2022 vs a 3.7% population gain in Minneapolis also probably plays a role as well… Yet Omaha was second most productive on creations on the left, and still prices increased rather than diminished.
I think even people advocating for required parking would concede that it adds to construction costs and reduces the total amount of housing available—but they’d presumably argue that there are other benefits offsetting those negative effects. This chart says nothing about what those benefits might be or whether the tradeoffs are worth it.
Omaha having a 5.3% population gain from 2017 to 2022 vs a 3.7% population gain in Minneapolis also probably plays a role as well… Yet Omaha was second most productive on creations on the left, and still prices increased rather than diminished.
I would bet some of those places have land cheap enough that the parking costs almost nothing