The Real Cost of Parking

The Cost of Robotic Parking Facilities Depends on Three Factors

It really breaks down to the number of parking spaces, the size of your land, and how much traffic flow you will have

# of parking spaces

100 Spaces?
Or 1000 Spaces?

Size of Land

60 x 60 Feet?
Or, 100 x 300 Feet?

Peak Traffic

100 Cars/Hour?
Or, 600 Cars/Hour?

All three factors going into the formula of cost estimation have the same weight for the result.

Example: 750 Parking Spaces

The Real Cost of Parking:
Comparing Robotic to Concrete Ramp Garages

When considering the actual cost of your parking, take these factors into account:
  • Please enter number of parking spaces in garage here:
  • Enter your costs in the outlined fields below. Other fields will auto-populate based on your information.
  • Press calculate at bottom
Peak traffic is assumed to be about 30 % of parking capacity (i.e. 540 space garage and 160 cars/hour)
SNR
ITEM
ROBOTIC FACILITY IN USD
CONCRETE RAMP IN USD
1
Land cost or allocated space cost (Robotic Parking uses 50% less space)
$0.00
$
2
Cost of structure (including robotic system in that case) - typical turnkey dollars
$0.00
$0.00
3
Facade & roof blending into the neighborhood (enclosed!)
$0.00
$
4
Electric vehicle charging stations (15% of space capacity)
$0.00
$0.00
5
Revenue & Access Control System
Included
$0.00
6
Security measures (CCTV system w/alarms, call phones, walk-thrus etc.)
Included
$0.00
7
Wayfinding system (general electronic message boards at entry and at every level indicating how many open spaces are on each level plus red/green lights above every space)
Included
$0.00
8
Autonomous car driving capability into/out of the garage from entry point
Included
$0.00
9
Reservation system and call-up/dial-in method to pay for parking
Included
$
10
Total Cost
$0.00
$0.00
11
Cost per parking space
$0.00
$0.00
CALCULATE  

These numbers are indicative only and may change according to your geographical location.

SMART BUSINESS DECISIONS CONSIDER COSTS VS BENEFITS

It’s important when planning a project’s parking needs that you consider all of the potential costs and benefits – land, structure, façade that blends into the project, wayfinding system, access and revenue control systems, safety and security, new emerging technologies, aesthetics, valet service, liabilities and more.

Overall, developers can minimize the impact of parking on a project and improve ROI by using automated parking versus concrete ramp garages. After all, space saved from parking equals more revenue generating space.

In addition, operating costs can be significantly lower with robotic parking.

In 2009 Samuel I. Schwartz, P.E. compared the operating and capital costs of a 892 space conventional garage versus an automated parking facility. Schwartz concluded, “When all factors are considered, the cost of operating an automated garage is less than half (-55%) that of a conventional garage. In this particular case an operator can save over $1.1 million / year with automated parking. In the current real estate climate, this is equivalent to a capital cost savings of over $15 million.”