ParqEx: Airbnb for Parking


ParqEx: Airbnb for Parking

In Chicago, reports, an app called ParqEx is helping people rent out their under-used parking spaces. Participants register their parking spot, pay a 20 percent service charge for the app to administer the transaction, and make hundreds of dollars a month. The peer-to-peer marketplace requires approval and cooperation from condo associations and hasn’t meant with any real resistance so far. One ParqEx user, Brandon Arnold, rents out his two spots because he doesn’t even own a car.

Using an app developed in Chicago, Arnold rents one of his spaces to a woman who keeps a car downtown for weekend use, and the other to a man who parks during working hours Monday to Friday. On weeknights and weekends, when that latter space is empty, Arnold occasionally rents it to people coming to the neighborhood to shop or eat.

Another user says he tried renting out his parking space through, but felt more secure having payment handled by an outside source.

Airbnb has been taking heat lately as state and city governments demand the application of taxes, apply limits the amount of time property owners’ can rent out their dwellings, and even outlaw vacation rentals in residential areas altogether. Complaints from neighbors have put pressure on Airbnb participants, and opposition from the hospitality industry is affecting the way the business is carried out.

Maybe ParqEx will get by without similar challenges, but I recommend a high degree of discretion. Part of Airbnb’s difficulties have arisen from its widening base. As the business grew it went from a kind of underground vacation rental network to a worldwide trend. That popularity is what has made it so threatening to outsiders.

Read the article here.

Picture of John Van Horn

John Van Horn

Leave a Reply

Your email address will not be published. Required fields are marked *

Only show results from:

Recent Posts

A Note from a Friend

I received this from John Clancy. Now retired, John worked in the technology side of the industry for decades. I don’t think this needs any

Read More »

Look out the Window

If there is any advice I can give it’s concerning the passing scene. “Look out the window.” Rather than listen to CNN or the New

Read More »


Send message to

    We use cookies to monitor our website and support our customers. View our Privacy Policy