Find quick and inexpensive parking spots in real time.

I was fortunate enough to recently learn about Yspott, a soon-to-be-released platform for booking private parking spots for an allotted period of time. This can be a lifesaver in crowded metropolitan areas, or during a local event like a large concert or sports game. More importantly, however, it utilizes space in a far more efficient manner.

How does it work?

In most urban environments, drivers spend up to 100 hours a year looking for a parking spot. Even if you enjoy the act of driving itself (I do), it takes a special kind of masochist to enjoy searching for a parking spot. And when you decide that your time is better suited elsewhere, paying for parking in designated lots can be costly and vary greatly from block to block – making it difficult to know whether you’re getting a “deal”.

Yspott recognized this problem, and is developing a solution for the everyday driver. In short, it pairs unused private parking spaces in apartment complexes, driveways, and even business parking lots with drivers searching for a short-term spot. It can work in real-time, too, pairing users with nearby parking spots that have recently opened up.