SYSTEM AND METHOD FOR MANAGEMENT OF PARKING SPACES

A system and method for management of parking spaces is provided. The system including a server configured to receive the geolocation of a motorist and generate a live interactive map depicting available parking spaces configured to be occupied by the motorist either immediately or within an upcoming period of time. The server further configured to establish a secure connection between computing devices associated with the motorist and a current occupier of an applicable parking space allowing an opportunity for the occupier to preserve the applicable parking space until arrival of the motorist at the applicable parking space.