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2018 ATLANTA PARKING SURVEY Urban Submarkets

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2018 ATLANTA PARKING SURVEY Urban Submarkets 2018 ATLANTA PARKING SURVEY Urban Submarkets Parking Becomes More Expensive Market Indicators on Average in Atlanta; Downtown LOW HIGH AVG & Midtown Lead Largest Increases RESERVED $60 - $340 $147 > The data for this parking survey was compiled and collected UNRESERVED $25 - $150 - $103 by Colliers International - Atlanta by means of calling property Landlords, Owners and Parking Operators; and also by on- DAILY MAX $6 - $35 - $16 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. Unreserved Rates (monthly) Summary Statistics Urban Submarkets Downtown Midtown Buckhead > Unreserved parking rates in Atlanta’s urban core increased for a third consecutive year in 2018. The average is now at $103 per RESERVED - HIGH $340 $200 $170 month, up 4% compared to last year’s survey. Over the three year period, the average has increased 11%. The high and low amounts RESERVED - LOW $85 $85 $60 remain unchanged this year. Midtown had the highest increase in its unreserved average. The amount is now at $112 per month (the RESERVED - AVG $161 $162 $128 highest in the city) and is up 9% year-over-year. Reserved Rates (monthly) UNRESERVED - HIGH $150 $150 $115 > Like the above, Atlanta’s reserved parking rates also saw its UNRESERVED - LOW $65 $55 $25 average increase in 2018. This year’s rate went to $147 per month which is up 5% compared to last year. The overall low reserved UNRESERVED - AVG $110 $112 $90 space remained the same at $60 per month, located at Atlanta Tech Village. Meanwhile, the high showed a substantial increase DAILY - HIGH $35 $30 $32 over last year and now stands at $340 per month. This rate was confi rmed to be located at the Hurt Building in Downtown; DAILY - LOW $6 $8 $8 an unusual location for such a high reserved parking rate. This new overall high resulted in Downtown having the highest average DAILY - AVG $16 $16 $15 increase this year at 10%. Daily Maximums and Hourly Rates > Parking for the day in Atlanta’s urban core increased in both the hourly category and the daily category. The average daily Parking Maps: Downtown, Midtown, Buckhead maximum rate is up a couple of dollars from last year to $16. The > The following maps provide the locations of the offi ce buildings and hourly average is up a dollar to $6. Daily high averages are up parking facilities researched for this survey. across all submarkets. Both the daily low and daily high amounts are located in Downtown. d Ivy Rd NE Ol P each t r ee ee D u nw ood y Rd d NE Old Ivy Rd NE E ee R N chtr d Pea lv B s p ip h P PHIPPS PLAZA Rd NE Lenox PIEDMONT LENOX CENTER MARKETPLACE THE WHITLEY R oxb o ro R d d R BUCKHEAD N x E o STATION Len LENOX TOWERS L e BUCKHEAD n o x STATION Rd d ry R P N er i F ed E es ac m ATLANTA t P o as nt FINANCIAL E R CENTER LENOX d TERMINUS LENOX SQUARE N PLACE R E STATION o s w e TERMINUS ll R 100 d NE Rd tree Peach Leno x R d N E d NE erry R aces F East P Pharr Rd NE W N g St E n i N r St ATLANTIC 17th STATION Sp E t N th S 16 P e HIGH MUSEUM ac h OF ART tre e ARTS WOODRUFF St CENTER N ARTS CENTER E 15th St NE COLONY SQUARE 14th St NW E N St 13th St NE W er PIEDMONT N ip t PARK S 12th St NE Jun ree t E N Peach k l a W 11th St NE West e e r TURNER t Downtown BROADCASTING Peach 10th St NW e NE v A t PeachtPeachtreeree Pl nt MIDTOWN on M mo d edme i PPi # PROPERTY RES. UNRES. HR. MAX E/B 8th St NW (Mo.) (Mo.) Offi ce Building E t N Parking Decks e S 7th St NE 1 100 Edgewood $75 $7 $14 tre h chtree St NE eac Non-Offi ce PPea 66thth SStt NE 2 Peachtree Center $175 $105 $8 $20 $8 Parking Decks 5th St NWTECH SQUARE W 3 200 Peachtree $130 $75 $6 $18 $6 GEORGIA INSTITUTE 5th St NE OF TECHNOLOGY ree St N St ree t 4 191 Peachtree $190 $140 $4 $25 4t4thh St NNE t NE E S er W Peachtree St NW St Peach Peachtree W W p 5 260 Peachtree $180 $120 $4 $12 uni JJuniper St NE 3rd St NNWW 6 270 Peachtree $180 $120 $4 $12 THE FOX 7 30 Allen Plaza $175 $130 $4 $12 THEATRE PonPoncece DDee LeLeonon AAveve NORTH 8 55 Allen Plaza $165 $135 $4 $12 AVENUE NoNorthrth Ave NW M BANK OF 15AMERICA 9 55 Marietta $115 $5 $11 W N PLAZA t 11 S g 10 55 Park Place $7 E rin SpSpring St NW 14 t N e S 11 One Georgia Ctr. $150 $107 $3 $15 EMORY e tr UNIVERSITY h cchtree St NE HOSPITAL a PePea 12 250 Williams $180 $150 $3 $12 $10 E 36 N Ave t 13 SunTrust Plaza $160 $125 $6 $25 CIVIC CENTER M dmon e PiPiedmont NE Ave 14 Baltimore Row $100 $4 $12 15 BofA Plaza $175 $135 $8 $24 Peachtree St Peachtree IvIvanan AllenAllen Jr BBlvdlvd NNWW 8 Peach Centen Centennia 7 t 37 ree 16 Marquis I & II $170 $100 $8 $20 $8 Ted Turner Dr Turner Ted 41 Ted S GEORGIA nial t SimpSimpsonson SStt Turner AQUARIUM NW Dr Park Olympic l Ol 17 Centennial Tower $150 $110 $10 $15 y m Dr p 31 i 13 c BBakeraker St NE Park 100 Peachtree 6 18 $85 $65 $7 $7 Dr Dr 12 34 -Cone Street NW Courtland St NE St Courtland Co 75 32 JoJohnhn PPortmanortman5 BBlvdlvd NNWW GEORGIA CENTENNIAL u WORLD OLYMPIC rtl CONGRESS 23 16 an 30 100 Peachtree PARK 34 d 19 $140 $120 $8 $15 39 CENTER PEACHTREE S AAndrewndrew YouYoung International Blvd 29 t ng International Blvd M CENTER NE -Forsyth St 2 85 Dr 28 2 20 GA-Pacifi c Ctr. $140 $100 $6 $16 $6 urner t Piedmont Ave NE Ave Piedmont S Pied e 4 EEllisllis St NE Peachtree Center Ave Ave Center Peachtree ed TTurner Dr Peach T ConCone St 3 m WWalton St Popla o 21 Hurt Building $340 $120 $8 $18 al n t tre PHILIPS 24 on St r St 18Luckie St 20 t Ave St e ARENA 27 MaMarietta St NW 25 Center JohJohnn WeWesleysley DDobbsobbs AAveve 39 40 19 St r S e NE Underground VINE ie 17 t t DOME/GWCC/ tt S treree St a e h 22 $140 $105 $6 $2 CITY St ch rli Ave PHILIPS ARENA/ 26 ai ac 33NW FFairlie St e Atlanta MERCEDES M CNN CENTER35 PPea t BENZ S St 10 Auburn AvAvee NE 9th WOODRUFF STADIUM PARK 23 104 John Portman $9 $18 $8 ForsyForsyth St Broad St 38 1 EEdgewooddgewood AAveve SE HURT 24 123 Marietta St $80 $8 $20 $6 DDecatur FIVE ec atur PARK POINTS S 21 M St S W E SE 25 100 Luckie St $75 $4 $12 $5 S Dr SE r SW MMLKLK Jr Dr SW GilmerGilme 38 Jr D r J l e r D r St SE il r St HHill Jr S t GEORGIA SE urn W se StS sse r STATE 26 104 Marietta St $4 $10 d T JesJe yo TeTed Turner UNIVERSITY PrPryor GRADY t 22 38 e St 38 HOSPITAL e SW 27 107 Spring St $6 $5 tr 22 ve ch A a t l 38 S o PePeachtree S apit SW MMitchell St SW ton CCapitol Ave SW 28 170 Carnegie Way $110 $15 $35 t itc TTri hell ing GEORGIA rinn S GEORGIA ity A t syth S SW STATE Aveve PLAZA WashWashington St M SW ForForsyth St SW PARK GEORGIA 29 218 Peachtree St $120 $105 $10 $20 $7 STATE GARNETT CAPITOL M ve 30 227 Courtland St $120 $8 $20 $8 A al tr en CCentral A 31 31 Baker St $10 32 275 Baker St. $10 $30 33 79 Marietta St $85 $5 $8 $6 34 America’s Mart $130 $125 $10 $25 20 35 CNN Center $10 $15 $5 20 36 Crawford Long $75 $4 $6 37 GA Aquarium $12 38 GSU Campus $7 39 GWCC Campus $20 Reserved Unreserved Daily Max 40 Philips Arena $85 $10 $15 $5 High 89% - 25% 41 World of Coke $10 $15 Low 13% - - AVG 10% - 14% 2 2018 Parking Survey | Atlanta | Colliers International - Atlanta ld Ivy Rd NE O Pe achtr e e Du nw o ody R d NE E Rd Old Ivy Rd NE N tree d Peach lv B ps p hi P PHIPPS PLAZA E Rd N Lenox PIEDMONT LENOX CENTER MARKETPLACE THE WHITLEY Roxboro R d N Rd BUCKHEAD E STATION Lenox LENOX TOWERS Leno BUCKHEAD x R STATION Rd d ry Pi r N Fe ed E es m ATLANTA t Pac o as nt FINANCIAL E Rd CENTER LENOX TERMINUS LENOX N SQUARE PLACE Ros E STATION wel TERMINUS l Rd 100 N e Rd E re Peacht Len ox Rd NE ry Rd NE aces Fer East P Pharr Rd NE Midtown # PROPERTY RES.
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