NPA Third Annual Parking Survey

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:

  • 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.
  • Municipal operators and facilities operated by colleges, universities and hospitals were less impacted by the economic downturn.
  • 46 percent of municipal operators reported an increase in parking revenues over the past year.
  • 40 percent of private parking facility operators reported a decrease in revenues.
  • The average price for a premium downtown parking space fell approximately 20 percent.
  • While the gap between the most and least expensive average parking rates 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.

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.

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