Whether you are buying, developing, or rehabbing a commercial property, parking is a big consideration. These calculators help you determine parking ratios and the number of parking spaces needed.
Using our parking calculators is quite straightforward.
For the parking ratio calculator:
For the parking space calculator:
After you provide the necessary details and click the button, you'll have your calculation. It is that simple!
While the calculation process is simple, there are a few factors to consider when determining the optimal parking scenario.
Let's examine how to calculate the parking ratio per 1000 square feet. The equation is as follows:
PR = 1000 × PS / RA
where:
The PS/RA ratio needs to be multiplied by 1000 if you wish to calculate the parking ratio per 1000 square feet. If you are interested in a simple parking ratio, the multiplication by 1000 can be skipped.
Let's examine how to calculate the number of parking spaces needed. The equation is as follows:
PS = RA * (PR/1000)
where:
Let's imagine you are developing a 50-unit multi-family property with a gross building area of 50,000 square feet.
Scenario One:
In scenario one, you know that there are 100 required spaces and you need to know what the parking ratio is.
To determine the parking ratio, use the following formula:
PR = 1000 × 100 / 50000 = 2
So, for this hypothetical apartment building, the parking ratio equals 2 parking spots per 1000 square feet, or for simplicity, a ratio of 2:1000.
Scenario Two:
In scenario two, you know that the parking ratio is 2 spaces for every 1000 square feet and you want to know the total number of spaces you'll need.
To determine the number of required parking spaces, use the following formula:
PS = 50,000 * (2 / 1000) = 100
So, for this hypothetical 50,000 square foot apartment building, you will need 100 parking spaces based on a ratio of 2:1000.
For more useful tools to assist you in property planning and development, check out our other calculators: