Quote:
Originally Posted by retro_orange
Something I suggested years ago from my own observations of living in numerous apartment buildings, of which the parkades were basically all never more than half full. We should get parking lot management companies to manage the parkades of more multi unit buildings as they can better market the spaces to the tenants but also people who need parking but have none in their building nearby or just need a spot for a few hours. The parking management companies would foot the bill for dividing and upgrading the parkade in a more usable fashion. Some buildings and management companies ask too much and the tenants park on the street leaving the parkade mostly empty and clogging up the street parking or they don't charge at all and they get full of junk and broken down cars.
The last building I lived in on 8th near Fraser had the parkade entirely empty in a 43 unit building, aside from 3 broken down uninsured cars leaking various fluids. I lived in the building at Cardero and Davie 10 years ago above the Mcdonalds and it was half full always, if not less. My mom's strata highrise from the 70's in downtown New West (near the skytrain station I should add) has 2 spots for 2 bedroom suites and 3 for 3 bedroom suites. The lower half is almost entirely unutilized and could bring in profit for upgrades like new windows etc.
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Parkade management companies for a 40 space lot took 80% of the profit each month, and over 100% when you factored in the extra charges.
May workout if there's 100+ stalls.