The National Parking Association
(USA) released their Third Annual Review of Parking Rates in North America this
month. Key findings of this year’s study include:
(USA) released their Third Annual Review of Parking Rates in North America this
month. Key findings of this year’s study include:
• Parking facilities in and near airports were hit hardest, with 56 percent of
on-airport and 44 percent of off-airport facilities reporting a decrease in
2009 revenues.
on-airport and 44 percent of off-airport facilities reporting a decrease in
2009 revenues.
• Municipal operators and facilities operated by colleges, universities and
hospitals were less impacted by the economic downturn.
hospitals were less impacted by the economic downturn.
• 46 percent of municipal operators reported an increase in parking revenues over
the past year.
the past year.
• 40 percent of private parking facility operators reported a decrease in
revenues.
revenues.
• The average price for a premium downtown parking space fell approximately 20
percent.
percent.
• While the gap between the most and least expensive average parking rates
narrowed, there are significant variances among cities.
narrowed, there are significant variances among cities.
The report, which examines parking rates, revenue, and
employment trends in the industry, is based on a survey of more than 775
parking organizations throughout central business districts in cities and
suburbs throughout North America. It also lists average rates for a range of
parking prices, including CBD parking, hotel rates, hospital rates, educational
facilities, airports, and many more. Click here to view the report in full on the NPA site.
employment trends in the industry, is based on a survey of more than 775
parking organizations throughout central business districts in cities and
suburbs throughout North America. It also lists average rates for a range of
parking prices, including CBD parking, hotel rates, hospital rates, educational
facilities, airports, and many more. Click here to view the report in full on the NPA site.
The state of the parking market in the US seems to be a direct contrast to
Australia and this was certainly the feeling that was transmitted by the North
American speakers at the recent Australian Parking Convention.
Australia and this was certainly the feeling that was transmitted by the North
American speakers at the recent Australian Parking Convention.