Parking

Mexico

More than 40% of everything built in Mexico City is parking spaces.

• Between 2009 and 2013, more than 250,000 parking spaces were constructed, with an estimated cost of 37,000 Million pesos. With that money 18 lines of Bus Rapid Transit (Metrobús in Mexico City) lines could have been built to move more than 3 million users per day.
• There are now parking maximums in place instead of minimums. For example, office developments had been required to include at least one parking space per 30 square meters of floor area. Now that is the maximum parking ratio developers can build.

LATAM

• In 2014, São Paulo became the first megacity to eliminate parking minimums, and set certain maximums. The city allows one parking space per new housing unit if located near an accessible transit corridor, requires street-level retail and public spaces in residential complexes, and limited parking spaces to one per 70 square meters of commercial developments.
• Medellín, Colombia Colombia’s second largest city, passed parking reform in 2014 in connection with the enactment of a new Territorial Order Plan (TOP). The TOP sets a series of urban districts called Strategic-Intervention Areas (SIA) that seek compact and dense neighborhoods with access to short commutes and transit capacity. Other measures include a requirement to bicycle parking in any new parking development.