Parking Survey Template.Indd

Parking Survey Template.Indd

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. d Ivy Rd NE Ol P each t r ee ee D u nwood 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 STATION x d R R d ry P N er i F e E es d 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 St g E n i t N r S 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 t S 13th St NE W PIEDMONT N t PARK S 12th St NE Juniper ree t E N Peach lk a est W 11th St NE W e e r TURNER t Downtown BROADCASTING Peach 10th St NW e NE v A t Peachtree Pl nt MIDTOWN on M mo d edme i PPi # PROPERTY Ratio 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 3 $7 $14 tre h chtree St NE eac Non-Offi ce PPea 66thth SStt NE 2 Peachtree Center 3.1 $175 $110 $8 $20 $8 Parking Decks 5th St NWTECH SQUARE 3 200 Peachtree 3.3 $130 $75 $9 $20 $8 GEORGIA INSTITUTE 5th St NE OF TECHNOLOGY ree St NW St ree t 4 191 Peachtree 1 $190 $160 $4 $20 4t4thh St NNE t NE E S er W Peachtree St NW St Peach Peachtree W W p 5 260 Peachtree 2 $180 $130 $5 $20 JuniJuniper St NE 3rd St NNWW 6 270 Peachtree 2 $180 $130 $5 $20 THE FOX 7 30 Allen Plaza 1.5 $180 $145 $4 $12 THEATRE PoncPoncee DDee LeLeonon AAveve NORTH 8 55 Allen Plaza 1 $165 $135 $4 $12 AVENUE NoNorthrth Ave NW M BANK OF 15AMERICA 9 55 Marietta 1.5 $115 $5 $11 W N PLAZA t 11 S g 10 55 Park Place 0.75 $100 $7 E SprinSpring St NW 14 t N e S 11 One Georgia Ctr. 3 $150 $107 $3 $15 EMORY e tr UNIVERSITY h cchtree St NE HOSPITAL Pea 12 250 Williams 1 $150 $9 $12 E 36 N Ave 13 SunTrust Plaza 1.5 $155 $120 $8 $25 CIVIC CENTER M dmont e PiPiedmont NE Ave 14 Baltimore Row 0.5 $120 $100 $3 $18 15 BofA Plaza 1.1 $175 $145 $8 $24 Peachtree St Peachtree IvIvanan AllenAllen JJrr BBlvdlvd NNWW 8 Peach Centen Centennia 7 t 37 ree 16 Marquis I & II 3.1 $175 $110 $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 4 $160 $120 $6 $20 y m Dr p 31 i 13 c BBakeraker St NE Park 100 Peachtree 6 18 1.5 $95 $75 $7 $10 Dr Dr 12 34 -Cone Street NW Courtland St NE St Courtland Co 75 32 JoJohnhn PPortmanortman5 BBlvdlvd NNWW GEORGIA CENTENNIAL urtl WORLD OLYMPIC CONGRESS 23 16 an 30 100 Peachtree PARK 34 d 19 1.5 $160 $140 $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. 3.5 $140 $100 $6 $16 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 42 on 21 Hurt Building 2 $160 $120 $6 $18 al 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 $150 $115 $6 $16 CITY St ch rli Ave PHILIPS ARENA/ 26 ai ac 33NW FFairlie St e Atlanta MERCEDESMERCEDES M CNN CENTER35 PPea t BENZ St 10 Auburn AvAve NE 9h S d WOODRUFF e NE STADIUM PARK 23 104 John Portman $9 $18 $8 ForsytForsyth St BroaBroad St 38 1 EEdgewooddgewood AAveve SE HURT 24 123 Marietta St $80 $6 $20 $5 DDecatur FIVE ec atur PARK POINTS S 21 M St S W E SE 25 100 Luckie St 4.24 $110 $100 $6 $15 $6 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 38 HOSPITAL ee St SW 27 98 Cone St $10 $15 tr 22 ve ch A a t l 38 S o PePeachtree S t api SW MMitchell St SW ton CCapitol Ave SW 28 171 Carnegie Way $9 $40 $6 t itc g TTri hell in 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 $10 $25 $7 STATE GARNETT CAPITOL M ve 30 227 Courtland St 1.28 $140 $130 $8 $20 $8 A al tr en CCentral A 31 31 Baker St $10 32 275 Baker St. $10 $36 33 79 Marietta St $85 $6 $10 $8 34 America’s Mart $130 $4 $25 20 35 CNN Center $10 20 36 Crawford Long $4 $6 37 GA Aquarium $15 38 GSU Campus $12 39 GWCC Campus $15 Reserved Unreserved Daily Max 40 State Farm Arena $95 $10 $15 $5 High 5% 7% - 41 World of Coke $12 $17 Low - - - 42 102 Cone St $85 $65 $10 AVG 3% - - 2 2020 Parking Survey | Atlanta | Colliers International - Atlanta ld Ivy Rd NE O Pe achtr e e Du n w oody R d E d NE Old Ivy Rd NE N tree R d Peach lv ps B p hi P PHIPPS PLAZA E Rd N Lenox PIEDMONT LENOX CENTER MARKETPLACE THE WHITLEY Roxboro R d N BUCKHEAD E STATION Lenox Rd LENOX TOWERS Leno BUCKHEAD STATION x R 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 R E STATION os well TERMINUS Rd 100 N Rd E e Peachtre Len ox Rd N E NE erry Rd aces F East P Pharr Rd NE Midtown # PROPERTY Ratio RES.

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