How the Sharing Economy is Becoming a Boon for Society

Posted by joseeliyo1232 on March 23rd, 2017

Limited resources and growing population has escalated the need for sharing resources in a way that can help both the lender and the borrower. With the advances in technology over the past decade or so, the sharing economy has emerged. The sharing economy is best used when assets that are owned by an individual or group are underutilized – thus, the willingness to share these assets. For example, the sharing economy helps in the proper utilization of limited resources such as parking space. Parking is a huge problem in highly populated areas with lots of infrastructure. To help combat this issue, Internet based peer-to-peer rental services have been created to offer parking spaces in cities that have parking problems. On these peer-to-peer apps and websites, you can find affordable and convenient Chicago Airport Parking, Wrigley Field Parking, and other parking in well-known areas that are known to cause parking headaches.

Through such web-based rental services, an individual in need of a parking space can find a spot through an app or website in close proximity to where they are looking. This sharing economy model allows individuals, businesses, non-profits, anyone with a parking spot to list it on the web-based platform for rent on an hourly, daily, weekly or monthly basis. The owner makes money and the renter has access to affordable and convenient parking. The availability of the parking spaces are dictated by the owners of the spots. Many owners have parking available at all times and rent their spots out on a monthly basis. Therefore, if you want monthly parking Chicago, you can simply search for monthly parking on the ParqEx app and make contact with the owner through the online platform.

The sharing economy is starting to become heavily relied upon to solve the urban parking challenge. The number of parking spots in cities is not the problem; the availability of those spots is. Shared parking is one way to open up more parking supply for people who need it, and at the same time allows for parking spot owners to make some supplemental income. ParqEx is just one peer-to-peer exchange company that has been able help its users find parking in Chicago, Milwaukee and other cities. Through this app, parking spot owners and people who need a parking space can connect with each other to experience in mutual benefit.

About ParqEx:

ParqEx is The Private Parking Marketplace that connects people who have available parking to people who need parking. With the help of this application, you can find Chicago parking garages, too. For more information, please visit


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