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Commercial Parking – Quality Over Quantity
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(Posted on May 30, 2016 at 04:54PM by Michelle Bogle)
With the cost of building parking spaces close to $50,000 per stall, commercial property developers in the Metro Vancouver Area are working closely with designers and retailers to meet business needs, while extracting the most efficient use from parking areas.
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In fact, while many planners require a set number of stalls per 1,000 square feet of commercial space, some projects are finding ways to make fewer stalls work harder for both commercial developers and retail tenants.Â
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How? Quality over quantity.
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In the world of commercial parking, more stalls does not always equate more money or a better parking experience. Instead, functionality and aesthetics are now a top priority.Â
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Dim, dank parkades of the past are being replaced with brighter, more colourful lots that impart a feeling of security, function and ease. Visitors benefit from efficient, well-designed layouts that are easier to navigate and allow quicker access to retailers and other commercial tenants.Â
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Many new developments are also including wider stalls that are easier to get in and out of and offer more space between vehicles, decreasing the rate of door dings and scratches. It makes for a much more pleasant experience and encourages use.
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Many developers are also able to decrease the number of stalls per 1,000 square feet of commercial space through careful planning. Often a mixed-use project includes complementary uses that let developers negotiate a lower parking allotment than might otherwise be possible. Transit-oriented projects also need fewer spots since many visitors arrive by foot.Â
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In situations where day-use office space is built with predominantly night-use venues, like cinemas, developers are also able to reduce stalls by accounting for the sharing of spots from day versus night.
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It’s a shift in Vancouver’s commercial real estate development industry that is focused on convenience, ease and speed for the end-user. To learn more about this trend, please contact our office to speak with an associate.
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