Scotland Yard: Case Study on Early-Stage Success for a Multifamily Parking Facility
Scotland Yard, at 4215 N Broadway, Chicago, IL, is a newly ParqEx activated multi-family residential property in Chicago’s Uptown neighborhood. With 111 on-site parking spaces and a mix of tenant and guest use, the property partnered with ParqEx to unlock immediate parking revenue potential, improve visibility, and provide secure access. The ParqEx rollout began on March 1, 2025, with rapid adoption and impressive measurable results within the first month. Read this case study on early-stage success for a multifamily parking facility!
THE SITUATION
Before ParqEx, Scotland Yard had no digital system in place for managing parking assignments, monetizing unused parking spaces, or enforcing parking access. Management needed a partner that could help them:
- Launch quickly with no operational burden
- Monetize available inventory immediately
- Provide access control and parking oversight
- Deliver usage insights and analytics from day one
THE SOLUTION
This case study on early-stage success for a multifamily parking facility shows that ParqEx’s rapid launch of its full-stack solution was incredibly beneficial. This includes:
✅ Internal Tenant Management—Scotland Yard needed an internal tenant management system to handle resident registrations and rental assignments
✅ Marketplace Activation—To monetize excess parking inventory, the property needed a way to rent out private parking spaces.
✅ Access+ with LPR—Security is always a top priority, so Scotland Yard took advantage of ParqEx’s access control LPR system, which automated authorized vehicle access.
✅ Analytics Dashboard—The property also uses the analytics dashboard to stay informed 24/7 and gain real-time visibility into performance metrics.
Despite going live in early March, the system was fully running in under two weeks, and adoption across the property was high.
FIRST MONTH RESULTS (March 1 – April 1, 2025)
- 💰 $7,729.07 in total revenue generated in the first month
- 🚗 107 reservations completed
- 📈 +151% revenue growth in the last 30 days
- 📊 88.8% of transactions were long-term, indicating strong resident adoption
- 🧾 $5,879 revenue in March, growing to $1,850+ in early April already
- 🔓 Access+ now in use, with 2 registered access users in the first month
- 📍 46% lot occupancy and climbing, as spaces continue to be listed and filled
TESTIMONIAL
“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
THAT’S A WRAP!
Scotland Yard’s rapid launch with ParqEx showcases how quickly properties can go from zero to revenue-generating with the right platform. Within 30 days of going live:
- Over $7.7K in new revenue collected
- Strong monthly rental base established
- Usage insights and access control implemented
- Momentum building for long-term success
Scotland Yard is now positioned for scalable, secure, and profitable parking operations—just one month after launch. If this case study on early-stage success for a multifamily parking facility could benefit your property, do not hesitate to contact a ParqEx sales representative! We would love to build a property-specific solution just for you!
📞 Contact ParqEx
Let us show you what your property can earn in just 30 days:
www.parqex.com | sales@parqex.com | (855) PARQEX-1
