Parking Investment Consultants for the Seattle, WA, Market

Navigating Seattle's Parking Landscape With Confidence

Seattle is a dynamic city shaped by rapid growth, tech-driven employment, and evolving transportation plans. Its unique geography, return-to-office trends, and limited public transit create ongoing demand for well-managed parking assets.

As top parking consultants in Seattle, Parking Advisors helps owners, developers, and investors improve how their parking facilities perform. Our team has delivered value for clients across the Puget Sound region through asset management, value-add studies, operator selection, and parking technology strategy.

Understanding Seattle Parking Investment Drivers

Our detailed analyses explore the factors that shape Seattle parking investment decisions. From employer-driven demand to construction trends, we examine how each element affects the value of parking assets.

Major Employers Fuel Office Demand

Seattle is home to a wide range of major companies across tech, retail, aerospace, and biotech. Several industry giants have built millions of square feet of office space in recent years. Their growing teams continue to drive demand for both employee and visitor parking across multiple submarkets.

Return-to-office mandates from Amazon, Meta, and others have further increased daily parking usage. We help clients assess the impact of these trends on garage occupancy and pricing.

Parking Tax and B&O Considerations

Seattle’s commercial parking tax rose to 14.5% in 2022. This, along with the city’s business and occupation (B&O) tax, can significantly impact net operating income. Our team includes all taxes accurately in financial modeling and acquisition due diligence.

Public Transit and Geography

Despite ongoing investment in light rail projects, Seattle’s public transportation network remains limited in reach. Many residents and commuters still rely on personal vehicles. Coupled with the city’s narrow layout between Puget Sound and Lake Washington—and major bottlenecks along I-5—parking demand remains strong throughout downtown and surrounding neighborhoods.

Parking Advisors In Seattle & The Pugent Sound

Parking Fundamentals Continued

Construction Labor and Temporary Demand

Seattle has experienced a long period of construction activity. Large-scale residential, hotel, and office developments continue to attract construction workers who rely on nearby transient parking. Our parking strategies help garages and surface lots capture this short-term demand with daily and monthly parking options.

Transportation Management Plans (TMPs)

Many Seattle buildings are subject to TMPs, which promote sustainable commuting. Our team reviews TMP obligations and integrates them into our planning process to ensure compliance without sacrificing asset performance.

Hudson Pacific 1918 Eighth Avenue Seattle Washington

Parking Investment Consultants Seattle – Submarket Insights

As trusted parking investment consultants in Seattle, we shape our approach to match the parking needs of each neighborhood.

Central Business District

Seattle’s CBD is dense with office towers, residential buildings, and entertainment venues. Amazon’s footprint alone exceeds 10 million square feet. Demand consistently exceeds supply, especially during weekday business hours and weekend events. Waitlists for parking access are common among large employers.

South Lake Union

Originally designed for transit-friendly development, South Lake Union has been reshaped by redevelopment over the past decade. Many buildings have minimal on-site parking, leading to high demand for surrounding garages. Recent city reforms encourage less parking construction, which further tightens the supply.

University District

This area features a mix of surface lots and underground parking with limited public availability. Monthly rates typically range from $165 to $200, with hourly parking ranging from $3 to $11. The district serves students, faculty, and nearby visitors, creating consistent but modest demand.

SoDo / Stadium District

Home to stadiums and entertainment venues, the SoDo district includes large surface lots and private garages. Events at T-Mobile Park and Lumen Field cause big increases in short-term parking demand, especially in the evenings and on weekends.

Your Partner for Seattle Parking Investment

Seattle's parking market continues to evolve, driven by a mix of real estate development, regional employment trends, and long-term transportation planning. Whether you run a downtown office garage or plan a new project, you need insights that fit the local market.

As expert parking investment consultants Seattle trusts, Parking Advisors delivers clear, actionable strategies that enhance parking income and asset value.

Contact us today to learn how our Seattle parking consultants can help you strengthen operations, boost revenue, and support long-term parking investment success.