Midwest U.S. Mobility - Parking and Transportation in the Office Market
Parking ratios are lowest in downtown areas and highest in the suburbs, without meaningful differences between Class A and Class B properties.
Competitive office buildings carry a higher average parking ratio than owner-occupied buildings (approximately 0.4 per 1,000 sq. ft. higher).
Average parking ratios for new construction in the Midwest peaked in the 1990s at 4.09 per 1,000 sq. ft. Average ratios fell in the 2000s for the first time, and have continued on a downward trend into the current decade.
Kansas City, Columbus, Minneapolis and Cincinnati all ranked as top-10 markets nationally for growth in transit accessible jobs.
Average commute times in the Midwest are low, only two of 11 markets post average commute times higher than the U.S. average (Detroit at 26.7 minutes and Chicago at 31.3 minutes).The lowest commute times are in Kansas City, Milwaukee, Columbus, and Louisville, all below 24 minutes.