Commercial Parking Solutions from ParkCo

Learn how custom solutions designed by ParkCo can optimize your parking operations.

Commercial Parking Solutions from ParkCo

Learn how custom solutions designed by ParkCo can optimize your parking operations.

ParkCo has solutions for all types of commercial parking applications.

ParkCo Insight™ has been designed with all parking applications in mind. Whether your parking asset is a multi-level structured garage, surface lot, gated or non-gated, secured or non-secured, ParkCo has the solution to optimizing your parking net operating income and increasing your facility’s asset value.

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Shopping Mall &
Plaza Parking Lots

Office & Mixed-use
Commercial Parking Lots

Public Parking Lots

Mixed-use Retail &
Residential Parking Lots

ParkCo has a solution that fits. Learn more by reading some commercial case studies below:

ParkCo has a solution that fits. Learn more by reading some commercial case studies below:

Commercial Case Study #1

Case Study: Maximizing parking capacity through the analysis of "untapped" opportunities.

Description of Property:

Three residential towers and one office building share an undedicated underground garage structure with 525 parking spaces. The garage permits transient visitor parking due to its prime downtown location.

Challenge + Opportunity:

The shared facility offered a unique opportunity given its mix of users. During the day, a sizeable portion of its residents drove offsite to work, freeing up spots for office tenants. During the evening, the office tenants drove home, freeing up spots for returning residents.

If management could quantify how much available space was available during daytime and evening hours, they could issue additional passes to both user groups. This could increase revenues and boost parking ratios.

The Solution

The ParkCo Insight™
product suites used:

InsightDetect, InsightRoute, InsightPay
and InsightSecure
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Analyzed Data to Improve Revenue and Parking Ratios:

InsightDetect™ captured usage data over 12 months from each parking space. Based on observed vacancy levels, ParkCo’s dashboard provided clear and actionable recommendations around how many additional passes could be issued to residents and office users. This not only boosted revenue but increased the parking ratios the office could offer new tenants.

Managed the Needs of All Users:

InsightSecure™ smart cameras were installed to manage permitted access and compliance in the garage. With customized access settings, residents were given 24 hour access while office users where only permitted access between 9:00 AM – 6:00 PM on week days.

Introduced Visitor Revenue in Cost Effective Manner:

InsightPay™ gated payment solution was introduced.

  • Touchless and paperless system costs 40% less than competing systems as a result of eliminating needless hardware.
  • Ongoing maintenance and service costs were reduced by 65% as a result of eliminating tickets and unnecessary mechanical devices that are prone to breakdown.
  • Visually stunning terminals welcomed visitors and positioned the property as a sophisticated and next generation asset.
Commercial Case Study #2

Case Study: Eliminating non-permitted vehicles in your commercial parking lot.

Description of Property:

The parking lot is an unsecured, non-gated office parking lot with 35 spaces.

Challenge + Opportunity:

The office parking lot was experiencing a high number of visitors who were not registered to park in the open lot. This non-permitted use of parking spaces was leading to frustrated tenants who could not find an open space to park. The facility needed an effective way to identify non registered vehicles without burdening property management with the need to frequently walk the lot.

Management also felt there was an opportunity to issue additional passes to onsite and offsite users once non registered vehicles were eliminated and usage throughout the day was monitored and analyzed.

The Solution

The ParkCo Insight™
product suites used:

InsightMonitor
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Customized the Optimal Mix of Suite Tools:

License plate information of paying tenants and their permitted visitors was input and stored in ParkCo InsightMonitor’s™ database. Smart cameras were then installed to capture enforcement infractions and monitor parking lot utilization..

Created Operational Benefits:

 • Provided real-time notification of non-permitted users when they arrived onsite. Allowed the manager to immediately issue enforcement tickets.
• LPR cameras provided the additional benefit of offering surveillance, providing added peace of mind for users (especially those parking in off-hours).
• Improved experience for permitted users by ensuring there was always sufficient parking.

Improved Revenues & Parking Opportunities:

Usage analytics from InsightMonitor™ cameras determined that the parking lot experienced 23% vacancy during the work hours Monday-Friday. In addition, there was an 87% vacancy in the evenings and on weekends. This insight lead to the opportunity to sell more parking passes to next door daytime users, and many new passes for off-hours residential users living nearby.