Post by AirGarage

A Class A office tower thought it was maxed out on parking. 470 registered drivers against 465 stalls, with peak occupancy at 100%. By the numbers, there was nothing left to offer in the next round of lease negotiations. Real usage data told a different story. Once we reconciled what tenants were allocated against what they actually used, roughly 190 stalls turned out to be sitting unused, hidden in the numbers management was working from. That gap exists at most properties. Lease terms get negotiated off prior agreements, not actual usage. So property managers know what they promised on paper, but not what's actually being used, or where there's room to promise more. In our latest piece, we walk through how reconciling allocated spaces, registered drivers, and actual usage surfaced this gap and what it unlocked for this property's next lease negotiation. Read the full story here: