By Tim O'Connor
Today's office building developers like to tout their design and lifestyle amenities: how much of the facade is made from glass, what restaurants are nearby, how many treadmills the workout room has and what sustainable materials were used in construction. But for many companies, parking availability is every bit as important as those more marketable features.
A good parking spot is not only a convenience; it's a status symbol – and a revenue generator. High-end office buildings in Orange County, Calif., can charge up to $1,200 a month for a reserved ground-level covered parking space near the entrance. Demand and revenue potential has office developments thinking about how to maximize their parking availability, leading to opportunities for dedicated parking structure builders such as California's ARB Structures.
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