Colliers International Global CBD Parking Rate Survey 2009

Colliers International have just released their Global CBD Parking Rate Survey for 2009. The survey, which tracks 140 downtown parking districts around the world, found that Australia’s capital cities ranked among the most expensive places in the world to park. Sydney, Brisbane and Perth again all ranked in the top 10 cities globally for the […]

What are the key things investors look for in a car park?

Sourced from Parking World’s blog, the article ‘Parking remains attractive for investors’ explores some of the key things that make a car park an attractive investment. According to the article, authored by Macquarie Group, three characteristics have a meaningful impact on the attractiveness to potential investors: • Demonstrated ability to retain locations and grow the […]

Revenue control

We have spent a lot of time over the past few months talking about themaximisation of revenue from car parks. As everyone is all too aware, thesetimes call for improved systems and monitoring to ensure that all assets areperforming as well as they can be. ‘Is Revenue Control An Oxymoron’ is an article published by […]

London on-street parking permits study

London, as one of the most urbanised and populated cities in the world, continues to face an increasing number of cars in use on the roads, with relatively little or no additional availability of parking. The number of registered cars in the city has increased by 10% to 2.6 million vehicles in just the last […]

NSW budget and implications on the parking and property industry

The NSW mini-budget was released on Monday June 15, with some interesting and relevant implications for the industry. Of course, the most notable feature of the mini-budget was a fiscal stimulus which will provide a temporary 50% cut to the stamp duty for people buying newly constructed dwellings, valued up to $600,000, until December 2009. […]

Sydney braces for impact of parking levy on July 1

With the NSW State’s increased parking levy due to come into effect from July 1, parking operators in Sydney claim that they will begin closing parking bays from next month, with the 110% tax increase rendering some parking spots economically unsustainable. Published in the Sydney Morning Herald on June 6, Bay Watch: parking operators’ fury […]

Car park values remain strong

With the Aquavista Car Park in Melbourne’s Docklands up for sale with an asking price of around $5 million for 109 bays, this article in The Age examines the state of the market for this “special” category of property. Read the full article online. ‘Car park values remain strong’. Share this:LinkedinTwitterFacebook

Green car parks – It’s win-win

We recently published Cristina Lynn’s article which appeared in the Parking World Magazine “Green Car Parks – An Oxymoron” in which she explored the means of ‘greening’ car parks, and the benefits to the owner/operator. Donald R Morgan has published an article “Lower Your Parking Facility Operational Costs and Save the Planet” which reinforces the benefits of […]

Six steps to add value to your car park

We have recently published a presentation called ‘Six steps to add value to your car park’ on the presentation sharing site SlideShare. We are happy to provide this information to our clients and other interested parties as part of our contribution to the development of the parking industry. You can view the presentation online here: […]

Davis Langdon Consumer Sentiment Monitor, May 2009

Kindly provided to us courtesy of Davis Langdon, their research report into Consumer Sentiment in the construction industry is a valuable research tool in understanding current industry attitudes. Their findings indicate that their Sentiment Index has improved over the past three months, indicating that the industry may have begun to turn the corner. The other […]

It’s still a service industry

Given that much of the content we write about relates to how technology can assist in improving the functionalities resulting from automating, it’s sometimes easy to forget that in most cases, the parking industry still relies on person-to-person interactions. Mark Morris from Lanier Parking Solutions in Atlanta is Director of Organisational Development, and has published several […]

How much does it cost to build a car park?

This is a question often asked by clients when conducting feasibility studies of new car parks (at grade vs multi storey, etc.). So we thought we would publish the data issued by the Quantity Surveyors Institute in their March 2009 publication “The Building Economist”:  Notes: (1)   Includes bitumen areas, line marking, lighting, drainage and wheel stops […]

Are you maximising your car park earnings?

In view of the current economic climate we know you will be looking for even more ways to generate maximum revenue from your existing assets. Your car parks are no different! An easy way to check the financial and operational health of your car park is to undertake an independent performance review. By way of […]

Green Car Parks – An Oxymoron?

On the subject of improving the bottom line of your car parking assets, you may be interested to read the article published in two parts by Parking World Magazine (September and November 2008) written by Cristina Lynn. In the article she outlines several initiatives that can be undertaken to improve the environmental footprint of your […]

Driven mad but…

  One of the services we provide at PCI is advice regarding wayfinding and signage in car parks. Our approach when addressing this issue is to put ourselves in the client’s “seat” when looking for an available parking space and – often most importantly – when looking for their vehicle at the end of their […]