The Multifamily Parking Intelligence Report
A guide for growing parking revenue. With first-of-its-kind market data and insights, learn how asset managers can boost NOI while maintaining resident satisfaction.
A guide for growing parking revenue. With first-of-its-kind market data and insights, learn how asset managers can boost NOI while maintaining resident satisfaction.
This report, leveraging Neighbor’s proprietary marketplace data and a survey of hundreds of multifamily properties across 10 major U.S. markets, reveals that parking spaces are systematically underpriced in 8 of 10 markets.
For example, optimizing parking pricing could boost annual NOI by over $63,000 for the average 50+ unit property in Los Angeles—or as much as $189,000 in Miami.
Hyperlocal market data enables property owners to optimize NOI while maintaining strong tenant retention.
Asset managers have more pricing power than they realize, but have lacked the data to act on it.
Renting vacant parking to non-resident neighbors is a growing revenue channel, and delivers free apartment leads.
"Neighbor’s Parking Intelligence Report highlights how operators can strategically optimize their parking to increase property valuations and create long-term value for investors and residents alike."
Dan Wenhold, Co-Head Real Estate Tech Fund, Fifth Wall
Leading REITs are generating $41M+ in quarterly parking revenue. Our research includes: