Parking Inventory December 2011

Downtown Denver Off-Street Parking Inventory December 2011

Downtown Denver Off-Street Parking Inventory

The Downtown Denver Partnership performs a physical inventory of Downtown Denver’s off-street parking spaces twice a year, in June and December.

As of December 2011, there are 43,623* off-street parking spaces (lot and garage) in Downtown Denver. The number of parking spaces has grown by over 1,450 since 2007.

Off-street parking is located throughout Downtown Denver. This survey includes the following neighborhoods: 17th/Office, Ballpark, Convention Center, Golden Triangle, and LoDo.

Total Parking Stalls by Neighborhood: December 2011 17th/Office 22,323 Ballpark 1,937 Convention 10,521 Golden Triangle 2,548 LoDo 6,294* Total Stalls 43,623

The median rates for garages and lots have remained relatively stable over the past few years with median daily rates of $15.00 for garages and $7.50 for lots, and $175.00 median monthly rates for garages and $117.50 for lots.

There are 43,623 total off-street parking spaces in Downtown Denver: 32,998 garage spaces and 10,639 surface lot spaces.

The median maximum daily rate for parking in Downtown Denver is $9.00 and the median evening rate for parking in Rate Trends: June 2007 - December 2011 Downtown Denver is Garage Garage Median Lot Median Lot Median Median Daily Monthly Rate Daily Max Monthly $5.00. The median Max Rate Rate Rate monthly rate for parking in Downtown June 2007 $12.00 $150.00 $7.00 $100.00 Denver is $135.00.

December 2007 $14.00 $160.00 $7.00 $110.00 In Downtown Denver, the median daily rate for lot parking is $7.50 and the median daily rate for garage parking is $15.00.

June 2008 December 2008 June 2009 December 2009 June 2010 December 2010 June 2011 December 2011

$15.00 $15.00 $15.00 $15.00 $15.00 $15.00 $15.00 $15.00

$172.50 $175.00 $175.00 $175.00 $175.00 $175.00 $175.00 $175.00

$7.00 $7.00 $7.00 $7.00 $7.00 $7.00 $7.00 $7.50

$100.00 $105.00 $105.00 $117.50 $115.00 $115.00 $115.00 $117.50

*Note: In January 2012, shortly after this count was conducted, LoDo lost 398 surface lot spaces due to the construction and redevelopment occurring at Denver Union Station.

Downtown Denver Off-Street Parking Inventory

From June 2007 to December 2011, parking lot rates have remained relatively stable, with very little change in prices.

Downtown Denver Parking Lot Rate Trends: June 2007 to December 2011 $200.00 $180.00 $160.00 $140.00 $120.00 $100.00 $80.00 $60.00 $40.00 $20.00 $0.00

Monthly Garage Median Daily Max Rate Garage Median Monthly Rate Lot Median Daily Max Rate Lot Median Monthly Rate

Daily

Downtown Denver’s garage parking rates are also low when compared to other national cities.

Source: Colliers International, Parking Rate Survey of Garages, CBDs 2011. Comparatively, Downtown Denver’s daily median parking rate is $15.00 in garages.

Downtown Denver Off-Street Parking Inventory

Below are the overall parking rates, garage parking rates and lot parking rates for Downtown Denver, as of December 2011.

Neighborhood 17th/Office Ballpark Convention Golden Triangle LoDo Total

Neighborhood 17th/Office Ballpark Convention Golden Triangle LoDo Total

Neighborhood 17th/Office Ballpark Convention Golden Triangle LoDo Total

Overall Parking Rates: December 2011 Total Spaces Median Daily Max Median Monthly 22,337 $3.50 $160.00 1,937 $3.50 $60.00 10,521 $10.00 $150.00 2,548 $7.00 $82.50 6,294* $10.00 $150.00 43,637 $9.00 $135.00

Median Evening $6.00 $3.00 $8.00 $5.00 $10.00 $5.00

Median Weekend $5.00 $3.00 $8.50 $5.00 $8.00 $5.00

Garage Parking Rates: December 2011 Total Garage Median Garage Median Median Median Spaces Daily Max Garage Garage Garage Monthly Evenings Weekend 18,664 $2.50 $180.00 $8.00 $5.00 49 n/a $90.00 n/a n/a 8,633 $14.00 $172.50 $10.00 $9.50 1,419 $10.00 $90.00 $4.00 $3.00 4,233 $12.00 $170.00 $6.50 $7.50 32,998 $15.00 $175.00 $6.00 $6.00 Lot Parking Rates: December 2011 Total Lot Median Lot Daily Median Median Median Spaces Max Lot Lot Lot Monthly Evenings Weekend 3,673 $4.50 $125.00 $5.00 $5.00 1,888 $3.50 $60.00 $3.00 $3.00 1,888 $10.00 $145.00 $8.00 $8.00 1,129 $5.00 $80.00 $5.00 $5.00 2,061* $9.00 $130.00 $10.00 $8.50 10,639 $7.50 $117.50 $5.00 $5.00

*Note: In January 2012, shortly after this count was conducted, LoDo lost 398 surface lot spaces due to the construction and redevelopment occurring at Denver Union Station.

Downtown Denver Off-Street Parking Inventory

Top 10 Parking Operators by Size in Downtown Denver Operator Number of Spaces Phone Central Standard Parking Ampco Republic Parking Towne Park Time Convention Center WinPark Hyatt Star Park

14,051 13,831 2,568 1,143 1,161 1,115 981 650 600 524

303-893-9402 303-628-9012 303-573-8121 303-297-8912 800-291-6111 303-595-0246 303-228-8070 303.296.3870 303-436-1234 303-312-3900

The Park Now Program Together, with four companies that manage parking lots and garages across Downtown Denver, Denver Public Works and the Downtown Denver Partnership have created a 12 month pilot program to help drivers recognize public parking options in Downtown Denver that guarantee a reliable and consistent parking experience based on the Top 5 Parking Priorities: • Clearly posted parking rates for regular parking and event parking.

• Visible payment options that include both cash and credit card.

• Clearly posted hours of operation.

• Regularly open to the public and on a consistent schedule.

• Operator phone number prominently posted with timely customer service from the operator in case of concerns or questions.

Park Now Surface Lots 1530 Cleveland Place (Harris Lot) 1535 Welton Street (Bank of Denver) 16th & Wazee (Merchantile Lot) 14th & Blake 14th & Market (Firehouse Lot) 500 16th Street (Denver Pavilions - Welton) 500 16th Street (Denver Pavilions - Tremont) 12th & Broadway (Cultural Center Garage) 500 16th Street (Denver Pavilions)

Park Now Garages 1615 18th Street (LoDo Garage) 1422 Market Street (Larimer Square Garage) 1200 17th Street (Tabor Center) 1050 17th Street (Independence Plaza) 400 15th Street (Tremont Garage) 1899 Wynkoop Street 14th & Arapahoe (DPAC Theatre Garage)