Consulting

Whether it’s a Market Study to determine how many people your parking facility can attract at a given location and rate, an Alternative Analysis to address the best way to add parking spaces without compromising traffic flow and aesthetics, or a Functional Improvement Study to correct congestion and other problems in existing garages, our know-how will help you pinpoint problems.  Find solutions.  And get the most out of every square foot of your parking facility.

 

PLANNING
Parking and Transportation Master Planning	What is the specific plan for providing access to and from a business district or campus?
Supply/Demand & Parking Needs Study	Do I have different demands at different times?
Shared Parking Analysis	How many fewer spaces are needed after adjusting for the practice of shared parking?
Restriping Design	Can parking capacity be increased without expanding a facility? If so, how?
Alternatives Analysis	What is the best site(s) for parking? What are the pros and cons of each? What are the probable costs associated with each?
Traffic Impact Analysis	What effect might the prospective parking facility have on the surrounding street system?
Traffic and Pedestrian Master Planning	What vehicular and pedestrian issues need to be addressed to minimize conflicts and promote easy and efficient access to and from buildings?
FINANCIAL
Market Analysis	What is the competition? How might local market factors affect a prospective parking facility? How many spaces might the market support?
Rate Analysis	Are a parking facility’s or system’s rates consistent with the marketplace? If not, what changes are recommended?
Financial Analysis	What are the initial operating revenue and expense projections and is net operating income expected to cover debt service?
Financing Options	What financing options might be available to satisfy an anticipated funding gap?
Due Diligence	What is the upside potential associated with acquiring a specific parking facility of parking system? Conversely, what liabilities might exist?
Monetization	What is the value of my asset and how can I convert it to a readily-available cash flow?
OPERATIONS
Organizational Analysis	What is the recommended organizational structure for a parking facility or system? What should staffing levels and reporting lines be?
Operational Audit	Is a parking facility likely experiencing theft? Are operational expenses too high? Is a facility reporting the income that it should?
Operations Analysis	How can a parking operation be improved such that it provides outstanding customer service while minimizing operating expenses and in some cases, maximizing parking revenues?
Parking Operator RFP and Agreement	How should a parking operator agreement be structured to protect the interests of the owner? What should the operator RFP include?
PARCS	Does a parking facility or system have up-to-date, effective equipment? What equipment options are available? What are the pros and cons and costs of each? What equipment options are recommended?