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Jason Grinnell Predicts Shrinking Commercial Parking Lot Footprint in Law360 Article

April 14, 2016

Jason Grinnell, Los Angeles-based senior counsel in Dykema’s Real Estate practice group, was quoted at length in the Law360 article, “4 Ways Malls Are Reacting To The Ride-Hailing Economy.”

The article discusses a surprising consequence of the popularity of services such as Uber: As the need for vast, expensive parking lots disappears, and as municipal ordinances relax the ratio of spaces to stores, traditional mall architecture must be redesigned to accommodate more pick-up and drop-off traffic by ride-sharing shoppers. Grinnell cautions that the space being used for additional retail businesses or converted to  housing and offices may not successfully attract more tenants and generate more revenue.

Law360 subscribers can read the entire article here.