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Cost per space in an Average Parking Garage

Mar
11
2011
 
Traffic on Columbus in San Francisco

Recently we discovered that the cost per space in an average Parking Garage is about $40,000 (land, construction, interest, operating and maintenance, etc). Spread out over the lifetime of the space, this equals about $237/mo just to cover costs. But with Park Circa, we can take existing resources that are already built and paid for, and simply put the space to use when it's idle. There is virtually no new cost for the spaces (other than our own administrative and technical infrastructure that is scalable internationally which minimizes the cost).

Improving the efficiency of how we use existing resources could transform the city by requiring much less parking (because it's better coordinated), and still increasing supply in relation to demand (so it's easier to find parking quickly wherever you need it).

This could give us some breathing room, while alternative means of transportation have an opportunity to catch up with the various kinds of transportation demands.

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