Parking Reduction Value Calculator

Fewer parking stalls save significant cost.

Units

Baseline ratio per unit

Reduced ratio per unit

Cost per stall

Cap rate (for value uplift)

Total cost savings

$4,950,000

Stalls saved

Value uplift (at target YoC)

$6,300,000

How the math works

Stalls saved = units × (baseline − reduced). Total savings = stalls × cost/stall.

180 × (1.75 − 1.25) = 90 stalls × $55k = $4.95M cost savings. Major budget lever.

How to Use

Enter units.
Enter baseline ratio per unit.
Enter reduced ratio per unit.
Enter cost per stall.
Enter cap rate.
Read total savings.

Frequently Asked Questions

Typical parking ratios?

Suburban multifamily: 1.5-2.0 stalls/unit (structured or surface). Urban infill: 1.0-1.5. Transit-oriented: 0.5-1.0. Affordable/senior: 0.5-1.0. Reductions via TOD incentive, urban context, or project type can dramatically cut parking count.

Cost per stall?

Surface lot: $2-5k. Above-grade structured: $25-45k. Underground: $45-85k. Tuck-under/below-grade complex: $60-120k. Urban high-rise parking: $50-100k. Costs scale with complexity — deeper, tighter, or stacked parking most expensive.

Value?

200 units × 0.5 stall reduction × $60k/stall = $6M savings. Plus reduced maintenance, insurance, improved revenue SF ratio. Often the single largest cost lever in entitlement negotiation — worth the time to secure reduction.