Our team has delivered parking investment advisory services across the Austin area for both existing assets and new developments. Recognized as top parking consultants in Austin, we understand the region’s demand drivers and long-term trends that shape asset performance
Austin Parking Consultants: Growing with the Market
Parking Advisors is a national parking consulting firm with extensive experience throughout the Austin, Texas market.
Parking Advisors in the Live Music Capital of the World
Austin Parking Market Fundamentals
Parking conditions in Austin vary widely by submarket. Our consultations include an in-depth analysis of the factors that impact supply, pricing, and long-term asset value.
Key Demand Drivers
At Parking Advisors, we evaluate the unique supply and demand dynamics of every facility we work on. Below are some of Austin’s most significant sources of parking demand:
- South by Southwest (SXSW): Drawing over 400,000 attendees annually, SXSW drives major short-term demand across downtown parking assets. City websites highlight available parking options, but overflow often extends into private facilities.
- Circuit of the Americas: This 120,000-capacity venue hosts major motorsports events like Formula One and MotoGP. While on-site parking is available, overflow into surrounding garages is common during peak weekends.
- Austin City Limits (ACL) Festival: One of the country’s largest music festivals, ACL spans two weekends and takes place in Zilker Park, where street parking is minimal. Attendees are encouraged to park downtown, placing added strain on central garages.
- Austin Convention Center: With 1,650 on-site parking stalls and a 3,200-person capacity, the convention center regularly causes overflow into nearby facilities during large events.
- Nightlife Demand: The bars and live music venues on Rainey Street and West 6th Street continue to drive heavy night and weekend parking volume. These entertainment districts remain vital demand drivers for centrally located garages.
Major Developments and Parking Impacts
Austin continues to experience one of the strongest real estate development cycles in the country. Key upcoming projects include:
Developments
- Moody Center: A 10,000–15,000 capacity sports and event venue with onsite parking, but expected overflow into nearby garages.
- Innovation Flagship Tower: A 17-story medical office building with a 900-space parking garage near downtown.
- Capitol Complex: A two-phase state government project adding over 3,000 new workers and 3,000+ structured parking spaces to downtown Austin.
- Austin American-Statesman Site: A large-scale, mixed-use development featuring office towers, hotels, retail, and more than 4,000 parking spaces.
These projects are reshaping the city’s parking landscape, and require expert insight to navigate future demand.
Public Transportation
Austin’s main public transit services include:
- Capital Metro Bus System: With 82 routes and over 1,600 buses, this is the city’s most extensive transit network.
- Metrorail: A 32-mile line serving Leander to downtown. Train hours vary, with extended service on weekends for entertainment districts.
While public transportation supports commuting, private vehicle use remains strong, especially among event-goers and residents in surrounding suburbs.
Parking Tax
The current parking tax rate in Austin is 8.25%, with 6.25% going to the state and 2.0% to the City of Austin. We factor tax implications into our revenue models and pricing strategies to help optimize your returns.
Our Austin Experience
Our Austin experience spans property types including office, hotel, and multi-family.
Contact Us
Contact us today to learn how Parking Advisors can help you increase revenue, manage risk, and maximize the long-term value of your parking assets in Austin, TX.