1. A computer implemented method for management of parking spaces in a parking area carried out by one or more processors, the method comprising the steps of: identifying an individual entering a parking area and a vehicle in the parking area that corresponds to the identified individual, wherein the individual is identified utilizing images and video received from cameras located in the parking area; determining a distance between the identified individual and the identified vehicle in the parking area; determining whether the determined distance is less than an associated distance threshold condition; responsive to determining that the determined distance is less than the associated distance threshold condition, providing an indication that the parking space of the identified vehicle is ready to be free based on one or more of: a number of passengers of the identified vehicle that have arrived at the parking space of the identified vehicle, a number of passengers of the identified vehicle that are moving toward the parking space of the identified vehicle, and a statistical model associated with the identified vehicle; and wherein the statistical model provides a probability of a departure time of a vehicle from the parking area relative to the arrival time of the vehicle to the parking area.