![Calculating Parking Ratio for Your Property](https://d2syaugtnopsqd.cloudfront.net/wp-content/uploads/sites/29/2024/08/26115118/optimize-parking.jpg)
"To calculate parking ratio, divide the total number of parking spaces by the total rentable square footage of the property, then multiply by 1,000. This is expressed as a ratio of spaces per 1,000 square feet." Calculating parking ratio is crucial for property managers as it ensures there is enough parking availability to meet the needs of tenants and visitors. It helps optimize space utilization, prevent overcrowding and congestion, and enhances the overall user experience, which in turn improves tenant… Continue reading →