The Value of Indoor Parking

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Have you ever hit the snooze button one too many times or just woke up a little later than planned? You spend the morning running around getting everything ready for work and trying to decide if you have time to make coffee or swing through a drive thru on you way into the office. After realizing you are out of coffee filters anyway, the drive thru it is. Then, you get out to your car and it is freezing, so now you have to scrape the heavy frost off of the windshield. Because you are in a hurry, you go with the great driving style of leaning way down to view your path through the small part of the windshield that is actually staying defrosted. And because of all of this, you no longer have time to stop and grab a cup of coffee. It is going to be a LONG morning! This is the reality for many renters during the winter months.

Indoor parking for tenants has several obvious advantages. A few of them are:

  • Security

  • Vehicle wear and tear

  • Convenience

  • Protection from the elements

One of the greatest advantages and sells of apartment garage parking is the added security. If you live in an apartment with only an open parking lot or parking on the street, you leave yourself and your vehicle far more exposed. This may not be much of a concern in a generally crime-free neighborhood and may not prove worth the additional cost, but it can prove quite an advantage in an area that’s more prone to nighttime prowlers. Plus, you won’t have to be as worried about walking alone to your building, or remember not to leave anything valuable in your car for fear of attracting thieves.

These types of parking options also help the building owner to have a more successful property, allowing owners to charge a higher rent. These properties also oftentimes average a higher occupancy rate. Underground/indoor parking is common for multi-family residential, mixed use and senior living facilities. Especially in the Midwest, people want the convenience of a climate-controlled parking area.

In a senior living community, under-structure parking is often a desirable amenity. It can provide a sense of security to tenants, protection from inclement weather (which is especially important to residents that might be more susceptible to falls), as well as offer some storage space.

In working on various projects in cities all over Southern Wisconsin, Northern Illinois and Eastern Iowa, we have come to understand just how imperative the right parking offerings are to a project.

Indoor parking provides solutions to several potential issues and concerns. It also helps projects be more successful for owners. We are here to help. If you have any questions, or want to speak about an upcoming project, please email sales@msprecast.com.

Stay warm!