The parking sector does not have a source of readily available, detailed market data. Therefore, we have been building our own databases and analysis to support our clients. Our team recently completed a market-wide analysis of almost every public parking facility in Downtown Chicago. Our team walked the market and… Continue reading →

Parking operations may seem simple. A property team hires a parking operator and approves a budget. The operator collects revenue, pays the operating expenses and sends the balance to the property owner less their management fee. This all seems pretty straightforward. Unfortunately, it's not that simple, and the devil is… Continue reading →

Parking Advisors' digital platform data indicates that employees are choosing daily parking over monthly parking Chicago, August 25, 2020 – As employees return to work at businesses throughout downtown Chicago, data indicates that they are adjusting the way they purchase parking. ParkChirp, a parking app that offers parkers the lowest… Continue reading →

Executive Summary The COVID-19 environment and its impact on the commercial real estate industry in general - and commercial parking in particular - is unprecedented and profound. Both the severity of the impact and the immediate nature of the decline in parker volumes have been unlike anything in our lifetimes.… Continue reading →

The Future of Parking Chicago, June 8, 2020 – ParkChirp, the commercial parking industry’s most innovative online sales platform, announces another major milestone in the company’s growth strategy. As of June 1, 2020, ParkChirp has listed over 300 parking facilities in ten major U.S. MSAs. ParkChirp was launched in 2017… Continue reading →