Return to SIOR Pulse Blog

How Much Space Does Parking Steal From Your Real Estate

Categories:
Business Services & Best Practices Management & Ownership

You need parking for 75 people, but how do you convert this into useful information such as square footage of land?

A good rule of thumb is to allow just as much square footage for parking as you estimate you will need to allow for any building, whether it is office, or retail, or apartments. This article explores how to accurately calculate how many parking spaces can be configured, for a given square footage.

 

Gross Floor Area Determines Required Number of Parking Spots

It all starts with zoning regulations. Parking spaces are enforced by the county zoning department unless the property is located in an incorporated area where the city zoning code overrides the county code. For example, in New Orleans, requirements in the Zoning Code are posted online, under Chapter 40, Article 35, of the Comprehensive Zoning Code, and there are 28 different zoning uses, each with their own parking requirement.

 

Table of Jefferson Parish Zoning Districts

B-1 Batture District.
S-1 Suburban District.
R-1D Rural Residential District.
R-1C Rural Residential District.
R-1B Suburban Residential District.
R-1A Single-Family Residential District.
R-1 MH Manufactured Home District.
R-2 Two-Family Residential District.
RR-3 Three- and Four-Family Residential District.
R-1 TH Townhouse District.
R-1 CO Condominium District.
CD-R Core District-Residential.
R-3 Multiple-Family Residential District.
GO-2 General Office District.
GO-1 General Office District.
H-1 Medical Service District.
H-2 Medical Service District.
BC-1 Business Core District.
C-1 Neighborhood Commercial District.
BC-2 Business Core District.
C-2 General Commercial District.
OW-1 Office Warehouse District.
M-1 Industrial District.
M-2 Industrial District.
M-3 Industrial District.
M-4 Industrial District.
U-1 Unrestricted District.
MUCD Mixed-use Corridor District.

 

The Number Of Parking Spaces Required Depends On Floor Space

For example, if a property is zoned C-1, Neighborhood Commercial District, the requirement for Business and Professional Office is one space for each three hundred square feet of gross floor area, but for General Business, Commercial or Personal Service Establishments, catering to retail trade, including “Supermarkets,” the requirement is one space for each 200 square feet of gross floor area.

 

If there is more than one use for a property, the number of required parking spaces can vary. For example, in the table below for a property with 50% office use and 50% grocery store use, the required number of parking spaces is reduced to 25% for the use after 6pm. Read your zoning code carefully to determine permitted uses, which will help you determine the highest and best use of any property. Only then can you determine the most likely buyer or lessee.

 

Table of Required Parking Spaces For Mixed Use Properties

 

 

Configuration Of Required Number Of Spaces And Size

In New Orleans’ Jefferson Parish, parking spaces are required to be at least 8 feet 6 inches wide and 19 feet long, called a stall; however, there is also a requirement of 24 feet for the parking place access, called the aisle. In the drawing below, there are three main measurements: (A) Stall width (B) Stall length (C) Aisle

 

Parking Configuration

 

One Acre Provides 144 Parking Spaces

Given the zoning requirements, how many square feet would you need to allow if you needed parking for 50 employees and 100 customers? This would accommodate an office size of 45,000 square feet, assuming one parking space for every 300 square feet of floor space, or a retail size of 30,000 square feet, assuming one parking space for every 200 square feet of floor space. Many developers use a larger width than required, usually a parking spot measuring 10 feet wide but the standard length of 18 feet long and a 24-foot aisle. The image below shows how this configuration would all three rows of 48 parking spaces, for a total of 144 parking spaces on a lot 180 feet by 242 feet, or 43,560 square feet which is one acre.

Robert Hand, SIOR, CCIM, MBA

Robert Hand, SIOR, CCIM, MBA


Industrial Specialist
Managing Director, Louisiana Commercial Realty, LLC
Metairie, LA
View the complete SIOR profile| robert@louisianacommercialrealty.com

robert@louisianacommercialrealty.com