ParkCo presents a new parking opportunity using technology proprietary to ParkCo, that meets the ever-evolving habits of tenants.
ParkCo’s proprietary solution uses analytics and technology exclusive to ParkCo, to identify each building’s unique parking usage profile.
The resulting insights drive actionable recommendations around:
- Real Time Price Optimization for Visitor / Transient Parking Using ParkCo’s technology
- Optimizing The Mix Between Different Stall Uses
- Over Selling Underutilized Stalls Using Analytics and ParkCo’s Proprietary Technology
- Entering into a Head Lease with ParkCo for Underutilized Stalls
- Wireless, low power sensors are installed on each parking stall
- Sensors are surface mounted indoors and asphalt embedded outdoors
- Stall status is continuously communicated to the LoRaWan Network gateway
- Site doesn’t require Wi-Fi connectivity
- Under the head lease arrangement, ParkCo absorbs 100% of the cost of hardware, install, monitoring, leasing, enforcement and ongoing relationship management.
- The landlord simply collects their monthly rent from ParkCo.
- The dashboard can segment and track the utilization of different stall uses
- The dashboard presents a recommendation to reallocate stalls between uses to optimize the garage’s revenue yield
- Machine learning trains our algorithms to predict an optimal pricing strategy for visitor parking
- Similar to the airline and hotel industry, real time pricing recommendations are presented to optimize the overall revenue yield of the garage
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