Parking Feasibility Study
Comprehensive parking feasibility studies: traffic counts, demand modeling, financial pro forma, and risk assessment. Know before you build. (970) 279-1744.
What is a parking feasibility study?
A systematic evaluation combining market demand analysis, site assessment, financial modeling, and risk evaluation to determine whether a parking facility will succeed at a specific location.
How much does a parking feasibility study cost?
Studies range from $15,000–$75,000 depending on scope. Single-site assessments start at $15,000–$25,000. Multi-site analysis runs $35,000–$55,000. Comprehensive plans cost $50,000–$75,000.
When should I commission a feasibility study?
Before acquiring land for parking, investing in upgrades, evaluating structured parking, or when existing parking is chronically over- or under-utilized. Generally warranted when investment exceeds $250,000.
How long does a feasibility study take?
Standard studies take 4–8 weeks. Complex multi-site or campus-wide studies may extend to 10–12 weeks.
How accurate are feasibility study projections?
Well-executed studies achieve base-case revenue projections within 10–15% of actual Year 2 performance. Multi-source data and operator calibration improve accuracy.