An Airbnb for Parking Spaces is Launched

by Eric

We all know how Airbnb works. You own a property and can list it on the Airbnb website to rent it out to prospective travelers. But how about parking spaces? There are reports that a single parking space in cities like New York City can cost upwards of $1 million dollars!


Enter entrepreneur, Craig McDonald.  The idea came to McDonald when he left his native Scotland to Dubai, where his parents lived, and saw that many of his friends were complaining about parking in densely populated areas. In many of the high-rises, he noticed that married families and roommates had to share 1 parking spot. To address the issue, he launched Yalla Parking.  Like Airbnb, the company will take a percentage cut when someone rents a parking space. The company’s website is still in the soft launch phase, with spaces available in Dubai only at the present time.

What are your thoughts on the idea of renting out your parking space?

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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1 comment

RoamAmore March 13, 2016 - 6:23 pm

SpotHero does something very similar. There are other similar apps. This is not a new concept.


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