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Parking Garage Revenue Calculator
Parking revenue blends transient, monthly, and event charges across capacity utilization.
Annual revenue / space
$4,695
Total annual revenue
$1,878,000
Monthly revenue stream
$156,500
How the math works
Monthly rev = monthly spaces × rate. Transient = trans spaces × day rate × util × 30 + events.
220 × $275 + 180 × $25 × 0.6 × 30 + $15k = $60.5k + $81k + $15k = $156.5k/mo × 12 = $1.88M.
How to Use
- Enter spaces.
- Enter transient daily rate.
- Enter monthly pass rate.
- Enter % monthly passes.
- Enter transient utilization per space/day.
- Enter event surge revenue monthly.
- Read annual revenue per space.
Frequently Asked Questions
Parking garage revenue types?
(1) Transient/hourly: walk-in drivers, $3-20/hour. (2) Daily max: $15-60/day. (3) Monthly pass: $100-600/month for commuter. (4) Reserved monthly: $200-900/month (assigned space). (5) Valet: $20-75 per park + tips. (6) Event: $10-75 per vehicle for nearby venue. (7) Leased space: $75-350/space/mo to 3rd party. Urban CBD: majority monthly. Airport: majority transient. Event-oriented: heavy event nights.
Revenue per space?
Urban CBD office garage: $4,000-12,000/space/year. Airport: $3,500-8,500/space/year. Hospital: $2,500-6,500. Arena/stadium adjacent: $5,000-15,000 (event-heavy). Retail/mall: $1,500-4,000. Residential visitor: $800-2,500. Premium urban (NYC, Boston, SF, Chicago CBD): $8,000-22,000/space. Multi-layer revenue maximization: transient weekdays + evening events + monthly overnight.
Utilization rates?
Occupancy targets: 85-95% stabilized. Peak weekday: 95-100%. Evening/weekend: 20-60%. Monthly passes fill 50-70% of capacity at commercial garages. Transient fills incremental 20-40% of capacity depending on day. Saturation triggers rate increases: garage 100% by 9am = rates too low. 70% occupancy = rates too high OR location challenged.
Operating costs?
Attendant labor: $200-600k/year typical (depends on staffing model). Insurance: 3-5% of revenue. Utilities (lighting, ventilation): 4-7%. Maintenance (sealant, striping, elevators): 5-10%. Property tax: 3-6%. Management fee: 4-8%. Bank card processing: 2-3% of transient revenue. Total operating margin: 35-55%. Parking operators: SP+, LAZ, Standard, Impark, Ace. REIT ownership increasing.
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