Parking Advisors has provided parking consulting services for asset owners throughout the Detroit market. In addition to advisory work, our team has been directly involved in one of the largest commercial real estate transactions in Detroit history. This hands-on experience allows us to deliver practical, data-driven guidance for parking lot investment in Detroit across a wide range of asset types.
Detroit's Leading Parking Consultants
Parking Advisors is a national parking consulting firm with extensive experience advising commercial property owners and investors in Detroit. Our team understands the unique dynamics that drive parking investments in Detroit and how those dynamics impact asset value.
Parking Advisors in Detroit
Detroit Parking Market Fundamentals
Detroit’s parking fundamentals are influenced by several market-specific factors. Our parking investment analysis includes a detailed review of the following demand drivers.
Office Demand
Downtown Detroit’s primary parking demand driver is office occupancy. Detroit remains a driving market, and most office employees require dedicated parking. As a result, parking occupancy and parking rates are closely tied to office leasing performance and the ability of the City of Detroit, developers, and property owners to attract new office users downtown.
Bedrock’s Downtown Detroit Ownership
Bedrock, a Detroit-based real estate firm, controls a significant share of downtown parking supply. This includes both standalone parking facilities and garages that serve individual buildings. Bedrock owns more than 100 properties totaling over 18 million square feet in Detroit.
Office buildings with parking garages include:
- Ally Detroit Center (3,100 spaces, 3.16 parking ratio)
- One Campus Martius, 1000 Woodward Avenue (2,700 spaces, 2.74 parking ratio)
- First National Building, 660 Woodward Avenue (477 spaces, 0.56 parking ratio)
- Fifth Third Bank at One Woodward (94 spaces, 0.25 parking ratio)
Standalone garages include:
- The Z Garage, 1234 Library Street (1,275 spaces)
- 1001 Woodward Garage (700 spaces)
- Greektown Garage (1,100 spaces)
- Financial District Garage (900 spaces)
This level of ownership concentration typically supports higher parking rates and steady long-term rate growth, which is a key consideration for Detroit parking investments.
Downtown Detroit Events
Downtown Detroit hosts a wide range of events that create meaningful parking demand. Major events include the North American International Auto Show, Detroit Boat Show, and MOVEMENT: Detroit’s Electronic Music Festival. Sporting events at Comerica Park and Ford Field also generate consistent parking activity.
Smaller but frequent events take place at venues such as The Fillmore Detroit, Orchestra Hall, The Majestic Theatre, and Saint Andrew’s Hall. In addition, MGM Grand Detroit and Greektown Casino contribute to daily and evening parking demand throughout the downtown core.
New Development Projects
Several new development projects are expected to impact parking demand and long-term parking investments Detroit-wide.
Notable projects include:
- Hudson Site, Bedrock
The development will include residential units, a hotel, Class A office space, event space, retail, and a 700-space below-grade parking garage. - Chemical Bank Headquarters
The project includes Class A office space, retail, a rooftop terrace, and a parking garage with 311 striped spaces. - Monroe Blocks, Bedrock
The development will include Class A office space, residential units, retail, and a 700-space below-grade parking deck. - Book Tower, Bedrock
The property will be redeveloped into a mixed-use asset with retail, office space, hotel rooms, residential units, and structured parking.
Maximizing Value in Detroit Parking Investments
Detroit remains a compelling market for disciplined parking lot investment supported by strong downtown demand drivers, ownership concentration, and ongoing development. As experienced parking lot advisors and parking consultants Detroit investors trust, Parking Advisors helps clients evaluate risk, identify upside, and maximize value across the full lifecycle of parking assets. Our market knowledge, institutional approach, and data-driven analysis allow clients to make informed decisions and capture long-term value from Detroit parking investments.