This document summarizes a presentation on a novel parking demand forecasting model developed by Jacob Martin of Cardno. The model accounts for shared parking across land uses, reciprocal parking from internal trips, and targets for mode shift. It can be applied to assess integrated transport, land use plans, and public parking business cases. The model was created to better understand parking demand in activity centers based on people's behaviors. It incorporates assumptions around shared use, internal capture, and mode shift that allow for reduced parking requirements compared to traditional approaches.