Private parking garages charge drivers to park inside, enabling the garage to generate revenue. City Parking is a professional parking management company, helping property owners maintain the safety and efficiency of their garages. Here is more information about the economic benefits of parking garages:
Convenient Payment Methods
Customers pay for parking when entering or leaving privately owned parking garages. Drivers usually pay for parking by cash, card, online, or through an app. Gate attendants may oversee payment transactions, or drivers can pay or scan a pass via a self-service machine.
Parking reservation services allow drivers to choose a parking location and pay ahead of time. This is beneficial for people traveling from out of town or attending an event, such as a performance or a conference. Drivers can reserve spots by the hour or day.
Monthly passes are also available, allowing drivers to park in the same place for work or recurring appointments. City Parking offers a loyalty program for discounted parking rates. Monthly customers typically set up automatic payment for greater convenience.
Revenue Tracking Systems
Garage owners use Parking Access and Revenue Control Systems (PARCS) to track the amount of revenue a garage earns. This system allows owners to track the performance of the garage by collecting data about the number of passes purchased. This information helps owners allocate resources to improve performance, such as hiring additional attendants or establishing renovation systems. Our management teams help install PARCS equipment in garages. We also create a historical database that simplifies the revenue tracking process over the long term.
Garage Maintenance
The money earned from drivers parking in the garage is often utilized for garage maintenance. Maintenance services help improve the appearance and function of the garage, offering a safe, convenient place for drivers to park. These services include:
- Employees: Garage revenue pays for on-site employees such as parking attendants and maintenance workers. Gate attendants prevent unauthorized access to the garage.
- Security cameras: Security cameras enable employees to monitor the garage and identify suspicious activity. This helps prevent theft and vandalism, which protects customers’ cars.
- New paint: Painting over flaking areas or graffiti helps the garage appear more welcoming. This may encourage more drivers to park in the garage.
- Lighting maintenance: Lighting maintenance includes repairing, replacing, or installing new lighting. Well-lit parking spaces help drivers navigate the garage and make the garage safer.
Other maintenance services include cleaning the facility, removing trash, and installing and maintaining electric vehicle chargers. Management teams follow regular cleaning schedules and inspections. Staff members can also help guide drivers through the garage and offer valet services.
Local Economy Circulation
Parking garage revenue is used to pay owners and employees. The revenue is circulated into the local economy as parking garage owners and employees spend their paychecks on personal needs. This includes grocery stores, entertainment venues, housing complexes, and other local businesses.
Multi-level garages accommodate more vehicles, enabling a larger number of drivers to park in a given area. Having accessible parking makes it easier for drivers to park near local businesses and entertainment venues. This can help increase attendance at sporting events, concerts, and art galleries, and improve sales at nearby shops, allowing them to generate more revenue.
Find Parking Garages
We operate over 150 parking garages in New York City, including near places such as Central Park and Carnegie Hall. City Parking provides online marketing, web presence, and customer invoicing services for our clients. All of our employees are vetted through drug testing and receive in-house training to provide high-quality maintenance and parking services. To learn more about parking garage management services, contact us today.