Parking pinch means more garages coming to downtown Dallas

A new wave of construction is coming in downtown Dallas.

Dont expect more shiny office towers, trendy loft apartments or retail space. Oh, therell be some of that.

But whats really in demand now is parking.

With downtowns worker population on the rise, developers and building investors are trying to figure out where to put all the cars.

For decades that wasnt much of an issue: Dallas central business district has had acres of ugly surface parking lots.

Now some of the lots closest to downtowns biggest office skyscrapers are starting to vanish thanks to new developments and public projects.

Thats put a pinch on parking.

Its a double whammy, said Steve McCoy, principal with commercial real estate firm Transwestern. More people are coming downtown at the same time we have fewer places to park.

McCoy said while mass transit plays an important roll getting workers to the central city, theres still a need for parking.

Its one of the top negotiating points for companies that lease office space, he said. They want to make sure their people have a convenient place to park and it is secured.

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Parking pinch means more garages coming to downtown Dallas