PARQEX CLIENT SPOTLIGHT
0
%
TRANSACTIONS ARE LONG-TERM
$
0
REVENUE JUMP IN FIRST 30 DAYS
+
0
%
REVENUE GROWTH FIRST MONTH
THE SITUATION
Scotland Yard had no digital system in place for managing parking assignments, monetizing unused spaces, or enforcing access. The management at Scotland Yard needed a partner that could help them launch quickly with no operational burden and monetize available inventory immediately. The property lacked intuitive parking oversight and was reliant on antiquated parking access management. Furthermore, Scotland Yard essentially lacked any property usage insights or analytics, a requirement of the management team from day one of their new solution.
THE RESULTS
The ParqEx roll-out at Scotland Yard began on March 1, 2025 and was fully up and running in only two weeks, showcasing how quickly properties can go from zero to revenue. Within 30 days of going live, over $7.7K in new revenue was collected with a strong monthly rental base established. With access controlled and usage insights instantly accessible, the property is set for momentous, long-term success. Scotland Yard is now positioned for scalable, secure, and profitable parking operations—just one month after launch.
- $7,729 revenue generated in the first month
- 107 reservations completed first month
- +151% revenue growth in first 30 days
- 88.8% of transactions were long-term
- Access+ instantly adopted by registered users
- 46% lot occupancy climbing week-over-week
CLIENT PROFILE: SCOTLAND YARD
LOCATION: 4215 N Broadway, Chicago, IL 60613
Scotland Yard is a newly activated multi-family residential property located in Chicago’s Uptown neighborhood, home of the entertainment district, historic walking tours, popular nightclubs and theaters, as well as some of the town’s trendiest shops and restaurants. With 111 on-site parking spaces and a mix of tenant and guest use, the property partnered with ParqEx to unlock immediate revenue potential, improve visibility, and provide secure access.
PROPERTY TYPE
Multi-Family/Residential
NO. OF LOTS
1
PARKING TYPE
Parking Lot
PARKING SPOTS
111
Scotland Yard Achieves Substantial Early Success for Their Multi-Family Parking Facility With ParqEx
ParqEx tech stack brings fast success to Scotland Yard
The ParqEx team took the time to fully understand the parking and property management situation at Scotland Yard in order to design and build the most effective, profitable, and easy-to-use solution. After a deep dive into the property situation, the ParqEx team set to deploy a full-stack tech solution for the managers at Scotland Yard.
The Internal Tenant Management solution from ParqEx was set up to seamlessly handle resident registrations and rental assignments.
Marketplace by ParqEx was quickly activated to allow Scotland Yard to instantly monetize their excess parking inventory.
As for secure access, ParqEx deployed its Access+ solution with License Plate Recognition (LPR) cameras, which allows automatic access to the property for authorized vehicles only.
“In just the first month, ParqEx helped us turn our parking lot into a revenue center. We were up and running faster than expected, and the support team made it all easy. The platform is smooth, smart, and already delivering real results.”
Property Manager
Scotland Yard
Real Data in Real-Time
ParqEx empowered the team of Scotland Yard with a highly intuitive analytics dashboard, providing real-time visibility into performance metrics.
A snapshot of Scotland Yard’s live reporting dashboard for their property:
The solutions for Scotland Yard
The ParqEx Marketplace
List your exclusive inventory of private parking spots for internal or public rental and add supplemental recurring income.
Secure Guest Parking
Eliminate the hassle of managing visitor parking and makes guests’ lives easier when they arrive.
Parking Enforcement
Quickly, easily verify vehicles on one or multiple properties, and issue violations instantly.
Pull Up, Park
Open any door, lift arm, or gate simply by pulling up to the access point in a registered vehicle.
ParqEx Admin Solutions
Real-time property reporting to view usage trends and performance with smart parking analytics.
Internal Tenant Management
A residential/tenant solution from ParqEx that provides seamless tenant registration and parking space assignment.
Available now in the app stores or online at app.parqex.com
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