2020 ATLANTA PARKING SURVEY Urban Submarkets
Atlanta’s Parking Rates Relatively Market Indicators Unchanged From Last Year; Work LOW HIGH AVG From Home Trend Empties Decks RESERVED $60 - $250 - $149 > The data for this parking survey was compiled and collected UNRESERVED $25 - $175 - $109 by Colliers International - Atlanta by means of calling property Landlords, Owners and Parking Operators; and also by on- DAILY MAX $6 - $40 - $17 - foot research. Criteria used for this report includes covered or $2 $15 $6 underground parking garages only; located in Atlanta’s urban HOURLY - - - core submarkets. For decks not associated with offi ce buildings, location is in proximity and relevant to offi ce centers.
Reserved Rates (monthly) Summary Statistics > Overall, reserved parking rates in Atlanta’s urban core experienced Urban Submarkets Downtown Midtown Buckhead just a slight decline over last year, modestly decreasing by 0.4%. RESERVED - HIGH $190 $250 $175 This ended a consecutive string of annual increases. The average monthly rate now stands at $149; with the overall low and high RESERVED - LOW $85 $65 $60 remaining steady at $60 and $250 respectively. CODA continues to hold the top spot for the market in reserved parking. This keeps RESERVED - AVG $150 $163 $138 Midtown at the highest reserved parking rate average in the city; however, the submarket did experience a 5% decline in its reserved UNRESERVED - HIGH $160 $175 $115 average this year. Elsewhere, Buckhead had a 5% increase in its reserved average in 2020, leading the Atlanta market. UNRESERVED - LOW $65 $55 $25 Unreserved Rates (monthly) UNRESERVED - AVG $114 $119 $93 > The unreserved parking rate average increased for a fi fth consecutive year, up 0.4% in 2020. Both the low and high remain DAILY - HIGH $40 $30 $35 unchanged. Downtown saw its unreserved high increase to $160; occurring at 191 Peachtree. There were no other signifi cant DAILY - LOW $6 $8 $10 changes to note in the other submarkets, with the exception of Buckhead’s unreserved average increasing 2% from last year. DAILY - AVG $17 $18 $17 Daily Maximums and Hourly Rates > Daily parking maximums and hourly rates showed no change from last year’s survey. Downtown remains on top with a daily high steady at $40. Buckhead was the only submarket to see any Parking Maps: Downtown, Midtown, Buckhead movement this year. The maximum daily rate high increased 9% to > The following maps provide the locations of the offi ce buildings and $35 here; also, the daily maximum low is up to $10, representing a parking facilities researched for this survey. 25% increase year-over-year.
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2 2020 Parking Survey | Atlanta | Colliers International - Atlanta
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# PROPERTY Ratio RES. UNRES. HR. MAX E/B (Mo.) (Mo.) Offi ce Building Parking Decks 1 1075 Peachtree 2 $225 $140 $6 $18 2 1100 Peachtree 2.1 $170 $130 $8 $16 Non-Offi ce Parking Decks 3 1180 Peachtree 1.75 $200 $150 $8 $22 4 1275 Peachtree 1.7 $100 $8 $18 5 675 W Peachtree 0.21 $65 $55 $3 $8 6 730 Peachtree 1.5 $170 $120 $8 $16 7 999 Peachtree 1.5 $150 $115 $5 $20 8 Regions Plaza 2 $160 $130 $6 $18 9 Atlantic Station 2 $179 $121 FREE $14 10 Campanile Plaza 1.9 $150 $150 $7 $30 11 Centergy One 2 $185 $120 $6 $20 12 75 14th Street 1.5 $175 $130 $14 $24 13 Mayfair Royal 1.5 $165 $150 $4 $12 18 14 715 Peachtree 1.7 $145 $115 $3 $12 15 Midtown Plaza 2 $155 $115 $8 $16 16 10 10th Street 2 $195 $140 $5 $18 28 17 One Atlantic Ctr. 2 $175 $130 $6 $18 37 22 18 Peachtree Pointe 2 $175 $115 $5 $20
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# PROPERTY Ratio RES. UNRES. HR. MAX E/B (Mo.) (Mo.) 1 3344 Peachtree 2.5 $160 $110 $6 $20 2 3405 Piedmont Rd. 3.75 $80 FREE FREE FREE 3 3630 Peachtree 2.6 $168 $115 $6 $18 4 Atlanta Financial Center 2.3 $135 $95 $6 $18 5 Salesforce Tower 2.37 $125 $75 $5 $13 Copyright © 2020 Colliers International. In the midst of the COVID-19 outbreak, information 6 Atlanta Tech Village 3.5 $60 $25 $3 $15 and data is emerging at a quick and uneven rate. The information contained herein has been 7 Lenox Center Bldg. 4 $120 $75 $$ $10 obtained from sources deemed reliable at the time 8 Lenox Overlook 2.5 $115 $75 $10 $35 the report was written. While every reasonable eff ort has been made to ensure its accuracy, we 9 Lenox Plaza 3.5 $120 $75 $4 $10 cannot guarantee it. No responsibility is assumed 10 Lenox Towers (North & South) 3.2 $95 $75 $3 $12 for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting 11 Monarch Center (Plaza & Tower) 2.78 $140 $110 $6 $20 on any of the material contained in this report. 12 Alliance Center (One & Two) 2.78 $140 $110 $6 $20 13 One Buckhead Plaza 2.7 $155 $95 $6 $20 14 One Capital City Plaza 2.5 $175 $110 $6 $20 15 Live Oak Square 3.1 $125 $85 $5 $12 16 Securities Centre (One & Two) 3.5 $140 $85 $3 $10 17 Peachtree Lenox Bldg. 3.6 $115 $85 $4 $15 18 Phipps Tower 2.4 $145 $110 $4 $14 19 Piedmont Center 3 $100 $85 20 Piedmont Place 3.5 FREE FREE FREE FREE FREE 21 Prominence in Buckhead 3 $125 $95 $4 $12 22 Resurgens Plaza 2.4 $135 $95 $5 $13 23 Terminus 100 & 200 2 $175 $110 $6 $20 24 Buckhead Tower - 3399 Peachtree 2.5 $135 $85 $4 $12 25 The Pinnacle 3 $130 $90 $4 $12 26 Tower Place 100 2.5 $140 $95 $3 $24 27 Tower Place 200 2.5 $175 $110 $6 $20 28 Two Buckhead Plaza 2.7 $155 $95 $6 $20 29 3445 Peachtree 2.5 $125 $85 $4 $12 30 550 Pharr Road 3 FREE FREE FREE FREE FREE 31 Three Alliance Center 2.5 $155 $115 $7 $30 32 The 309 2.5 $170 $100 $6 $16 33 Buckhead Atlanta $3 $20 NE h St ATLANTIC 17t STATION Spring St NW 34 1776 Peachtree* 2 $75 $4 $10
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