Real Estate Asset Managers – do you consider yourself an innovator in the competitive world of commercial real estate? What I’m about to show you, will change your perspective on how parking assets are managed.

Most people assume managing parking with gated access control systems is the only option for payments and revenue assurance. But have any of you ever really evaluated the costs associated with a gated PARCS system, over a 10 year lifespan?

Here’s a quick cost breakdown of a single entrance, single exit automated gated facility with one cash/credit card pay station.

Initial Investment in Equipment - $125,000

Service Calls - $50,000

Maintenance/Parts - $100,000

Software Upgrades/Integrations - $60,000

Paper Tickets - $10,000

Labor - $125,000

Total - $470,000

Add in the costs to staff with an attendant and these estimates climb even higher (an additional $40,000 per shift). Now you’re probably thinking…why staff a garage if it’s automated?  I’ve worked in parking for over 30 years and I have yet to see a fully automated gated PARCS system that didn’t need human intervention to assist when there was a ticket jam, user error, to replenish the tickets, or to repair a broken gate.

For many years in this industry, there have been rumblings of parking facilities going gateless. There is only one company that actually reimagined the entire parking ecosystem by creating a single platform which enables a frictionless end-to-end gateless parking experience.

Premium’s GLIDEPARCS delivers a seamless customer experiences through better design. The “full-stack” parking management solution includes payments, a single API integration to connect to third-party systems, an online and mobile presence, data analytics, reporting and integrated enforcement.

Schedule a demo and we’ll review how to save time and money for your customers and properties.

Stop wasting money on gated parking systems.