How ParqEx’s Parking Technology Can Address All City Parking Difficulties

Nationwide, cities continue to grow and expand. More people are arriving on city streets, and more highrises, condos, and apartments are coming to market. With the people come their vehicles. This poses an immediate issue as cities have already struggled to meet parking demand. With a continuous influx of new drivers and residents, the problem is around for a while (or so people think). For that reason, among many more that we will address, parking management is essential for urban planning and city officials. Not only does this directly affect traffic congestion and busy city streets, but it also directly impacts the efficiency and revenue of cities. ParqEx, a leader in smart parking solutions, offers a robust, comprehensive solution of several market-proven parking technologies that have resolved city parking challenges across the country. Here is how ParqEx’s parking technology can address all city parking difficulties:

Advantages of ParqEx’s Parking Technologies for Cities

Optimized Space Utilization – Using Existing Parking Assets

Much thought goes into the increasing building of parking infrastructure in nearly every major city. These cities need to accommodate the parking needs of their residents and the revolving door of visitors and tourists who bring their vehicles. ParqEx reminds you that, although more parking is seemingly always a great idea, your city does not need it! Save all that money devoted to building parking structures, eliminate the maintenance cost for that new facility, use that plot of real estate for something more substantial for your city, and make better use of all existing parking spaces. Through ParqEx’s smart parking platform, we enable ParqEx users to rent underutilized parking spaces behind gates and garage doors, opening up thousands of existing parking spots for everyone seeking parking in the city. This proves ParqEx’s ability to capitalize on higher transient renter utilization and instill optimized pricing strategies, all while ensuring better utilization of underutilized or vacant parking spaces and boosting the income of existing parking facilities and structures.

Search, Find, Book, Pay, Park Stress-Free – Enhanced User Experience

Opening up existing private parking spaces hidden behind gates and garage doors is only a tiny part of the ParqEx solution. A critical piece of the ParqEx puzzle is its Parking Marketplace Platform. When property owners and managers want to earn more parking revenue from their private parking spaces, they put their underutilized spaces on ParqEx’s parking Marketplace. Once these parking spaces are on ParqEx’s platform, the ParqEx Parking App provides an easy and seamless way for drivers to search, find, book, pay, and park stress-free! This convenient and creative solution is enormously beneficial for cities needing more parking and is highly convenient for all users seeking parking. So why not enhance user experience while providing more parking options to your city?

Reduced Traffic Congestion – Improved City Flow & Fewer Vehicle Emissions

Instead of having city streets jampacked with traffic, primarily consisting of people searching for parking block by block, ParqEx’s parking solutions will streamline the parking process and reduce the time drivers spend searching for parking spots. With people spending less time looking for parking, ParqEx helps reduce traffic congestion, improve city flow, and lower vehicle emissions, helping make your city streets cleaner and more environmentally friendly. ParqEx’s access control systems, Access+ or Access+ Premium License Plate Recognition (LPR), significantly reduce traffic congestion. Parking structures and facilities that have ParqEx’s access control technologies on-site enjoy less time wasted at entry and exit points as pre-approved vehicles can enter at the click of a button on the Access + App or via their approved license plates, increasing revenue potential and decreasing traffic congestion within their parking facilities and on city streets.

Maximizing Parking Revenue Growth – Save Money, Make Money!

This is where it gets juicy for most city officials, administrators, and urban planners reading this article! One of the main concerns in any city is revenue. Regarding parking, primary concerns are promising ROI, encouraging parking-generated revenue, and efficiently collecting parking fees and fines. Old-school methods of collecting parking fees seldom use automated systems. Due to this, more often than not, there is significant revenue loss at that parking facility. With ParqEx’s seamless in-app payment processes, city officials and administrators can rest assured that payment collection is handled correctly. All cities can streamline the payment process by requiring drivers to download the ParqEx app, create a profile (including vehicle and payment information), and book a parking reservation. Through the ParqEx system, the length of the stay is recorded, allowing parking facilities to accurately charge for parking down to the minute.

Moreover, as users must have valid credit or debit card information included in their ParqEx account, this ensures that parking fees and fines are collected. If a vehicle violates a parking rule or regulation, enforcement officers can ticket it within ParqEx’s Enforcer App, and the car owner will see a parking fine on their account. All these processes ensure that parking revenue is maximized to its fullest potential! The financial benefits of using ParqEx’s parking technology are clear, and it offers a strategic path toward optimizing parking operations and maximizing parking revenue generation.

What parking categories will make money for your parking facility and city? Of course, there is transient parking, which earns revenue from short-term parking. Next, there is monthly parking, which generates revenue from permits or monthly subscriptions purchased by vehicle owners. Parking violations make money from enforcement actions, including parking fines and penalties. Parking validations generate parking income from businesses that validate their parking for their customers. On-demand parking, making quick cash off of last-minute parking reservations. And lastly, event parking, generates parking revenue during events with an influx of parking demand.

Data-Driven Decision Making – Reporting, Analytics, and Real-Time Dashboards

ParqEx’s technology continuously collects valuable data such as parking usage patterns, capacity status, payment processing, access logs, etc. ParqEx’s reporting analytics dashboard provides tools and a comprehensive parking analysis to make data-informed advanced smart parking management decisions to improve the parking facility. By leveraging all the detailed data ParqEx provides, cities can make educated and informed decisions on required parking policies and any necessary parking infrastructure investments/maintenance. Furthermore, cities can gain from ParqEx’s AI-powered dynamic and predictive pricing strategies to ensure maximum revenue-generating potential, meet rising parking demands, and achieve maximum parking efficiency.

Enhancing Enforcement – Improving Security & Increasing Safety

Another nightmare that city officials and parking operators face is the need for proper parking enforcement. Finding and penalizing violating vehicles can be challenging. However, as briefly alluded to above, ParqEx repeatedly continues to overcome that challenge for countless cities and parking operators nationwide. ParqEx’s enforcement solution, the Enforcer App, combined with ParqEx’s proprietary access control systems, Access+ or Access+ Premium LPR, provides a robust, secure solution to improve parking enforcement and security. These three market-proven technologies ensure that only pre-approved authorized users can enter or exit the parking facilities, drastically reducing parking violations around unauthorized users. In cases where unauthorized users slip through the cracks or authorized users overstay their parking reservations or break a parking rule, the Enforcer app allows for quick resolutions such as issuing fines, booting the vehicles, or arranging tows if needed. Suppose the parking facility has repeat offenders who never follow parking rules and regulations. In that case, the system also allows city officials, parking operators, and enforcement agencies to revoke that user’s right to park at the property, thus enhancing the facility’s security. With better enforcement and access control, ParqEx’s parking solutions ensure a seamless parking experience and increase safety in and around the parking facility. So why not streamline the parking process, increase parking enforcement measures, earn additional parking revenue through fines, deter criminal activities, and create a safer environment?

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That’s a Wrap!

For cities looking to optimize their parking operations, ParqEx’s solutions are scalable and flexible and can be tailored to fit the needs of your city, no matter the size! ParqEx’s comprehensive smart parking solutions have proven revenue growth potential across all city parking facilities, technological-driven efficiency, promising and realistic revenue forecasting abilities, and future-proofing capacities. So, let us partner with you and your city to unlock the full revenue potential of your city’s parking infrastructure and help contribute to a more efficient, sustainable, user-friendly, eco-friendly, and safe urban parking environment.
Thanks for reading “How ParqEx’s Parking Technology Can Address All City Parking Difficulties.” Please book a demo with ParqEx, let us further this discussion, and find the best solution for your city today!

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FAQ – How ParqEx’s Parking Technology Can Address All City Parking Difficulties