Unlocking Additional Revenue Streams for Parking Locations: Beyond the Parking Spot

As parking management evolves to be an integral element in commercial real estate (CRE) operations and revenue generation, leveraging data analytics is no longer a nice-to-have option. It's become a must-have tool to boost operational efficiency, maximize revenue, and create better customer experiences. However, data in a vacuum or data that is too challenging to extract won't improve business outcomes.

The parking industry is undergoing a rapid transformation to adjust to the changes in consumer behavior. The dramatic rise in popularity of electric vehicles (EVs), which heavily rely on public charging stations, contributes to this shift. This article dives into the role electric vehicles play in the future of parking and how attracting EV drivers benefits facility owners.

By implementing the latest in parking management technology, facility owners and operators can tap into powerful, real-time data with just a few clicks through their dashboards. They can run both out-of-the-box and custom reports, or modify current reports to inform critical decisions on everything from pricing to staffing to maintenance to marketing. The time they save can be better spent on improving operational efficiencies.

The growing popularity of hybrid and remote work schedules, combined with the highest interest rates in decades, has left the commercial real estate (CRE) market struggling for yet another year. However, there are a few bright spots that will hopefully help shift occupancy upwards once again—and help improve the tenant experience in the process.

The integration of advanced parking technologies into new builds and renovations is reshaping how developers approach urban infrastructure projects. This shift is not just about adding value; it's about creating smarter, more efficient spaces that resonate with contemporary lifestyle demands. When a property is being built for the first time or undergoing renovations, it is the perfect opportunity to incorporate the latest technologies, as you are starting from scratch and already investing. By leveraging the latest technologies, you are future-proofing your investment and creating a state-of-the-art facility that will delight tenants and guests.

Parking enforcement is an essential facet of urban infrastructure, ensuring the orderly use of parking spaces. The approach to enforcement varies widely and is shaped by local laws, technological advancements, and specific operational needs.

Flexible space – or “flex space,” as it’s more commonly known – has become an increasingly attractive option for commercial real estate (CRE) developers, as the American workplace continues to rapidly evolve. With traditional office parks morphing into multi-use spaces, more flexible parking management solutions are starting to emerge as a way to support these changes.

As in other business areas, digital transformation in parking management can create new opportunities to drive growth, increase net operating income (NOI), automate manual processes, and bring new levels of flexibility to the consumer and the operator. To achieve these goals, the savviest organizations must adapt quickly and leverage technology as a competitive advantage.

Syed Hossain has been making waves at Vend as the Head of Strategy & Operations. In our latest On the Spot feature, Syed shares his motivations, experiences, and some personal tidbits.

As data-centric solutions mature, smart parking technology is starting to take hold, leveraging the latest PropTech (or property technology) innovations to improve the parking lot experience for owners, operators, tenants, and customers. The key to this transformation is real-time access data. Unlocking this data puts control in the hands of decision-makers, opening up endless possibilities for modernizing this once-stagnant industry. And that modernization comes with real and measurable business benefits. 

Located just north of Boston, MA, Cerel Munoz has brought his diverse background to the forefront at Vend. Starting officially early this year, Cerel has quickly become an integral part of the Vend team, thanks to a history of collaboration with key team members. Let's delve into his journey, his work, and what makes him tick.

Vend Park, an AI-powered parking management and payments solution transforming how real estate owners, tenants, and visitors interact with parking, proudly announced it has built a network of local service providers to support its growing list of client facilities across the United States.

From his home base in Sutton, MA, Wade Leveille has been navigating the innovative lanes of Vend for the past two months and quickly found his footing as a Senior Software Engineer. Today, we're sitting down with him to learn more about his journey and insights.

For decades, parking was a stagnant industry. Drive into a lot, take a ticket, pay, and exit. Fast forward to the last few years, and changes in how Americans work, live, and play are evolving quickly. These lifestyle changes combined with economic changes, pivots in commercial real estate, and rapid technological advances are igniting new trends in the parking industry. 

Smart parking technology provides real estate owners a way to bring meaningful change and digital transformation to this area of the business and can simplify the process for operations. However, many CREs continue to rely on outdated parking technology. In doing so, they are unwittingly taking on higher costs associated with these legacy systems. Clinging to outdated parking technology can, in fact, be more expensive than making the switch to modern solutions. Here's why.

Many of the original mobile payment apps that once reigned as the future of parking have become a source of frustration for many. This blog explores the current paradox facing the parking industry and how user experience remains key to the future of parking technology.

This case study explores the evolution of parking at Jamestown’s, Charleston, MA location, Constitution Wharf, before and after implementing Vend. Learn how advanced technology and strategic planning led to unparalleled operational efficiency and customer satisfaction.

As parking operators and property owners seek to maximize revenue from their parking operations, leveraging innovative tools like Vend Park, SpotHero, and ParkWhiz can provide a winning combination.

Embark on a journey of parking transformation with Park 88 and Vend Park! Our latest case study highlights the astounding results achieved.

Let's take you through the seamless journey of parking at a Vend location for the first time, where innovation meets ease.

In the world of modern office spaces, it’s not just about what happens inside the building—it’s about the entire experience, from the moment tenants arrive. Parking, often an overlooked aspect, can make a significant impact on attracting and retaining top-notch office tenants. How? Let’s delve into the game-changing realm of technology-driven parking experiences.

Making your parking facility stand out isn’t always just about location—it’s about getting drivers to notice and choose your facility over others. In this article, we will dive into some savvy strategies that can boost demand, revenue, and ultimately, the success of your parking facility.

As we usher in a new year, parking industry professionals are presented with fresh opportunities to elevate their operations and drive toward greater success. To gear up for an impactful 2024, here are five resolutions that commercial parking owners and operators should consider adopting.

As technology advances, one approach stands out as a game-changer: selecting a technology solution that also serves as a Merchant of Record (MOR). In this blog, we will delve into the world of commercial parking technology and explore how choosing a solution that assumes the role of an MOR can provide substantial value.