Colliers International | West Michigan released today its inaugural 2017 downtown parking study. The report comes at a time when the downtown parking crunch continues.
Working with Downtown Grand Rapids, Inc. and Mobile GR, the report contains interesting downtown parking data and Colliers anticipates that business owners and community members will find this information valuable as they make parking-related decisions down the road.
"One of the issues our clients continue to face downtown is the availability and cost of employee parking,” David Wiener, office advisor for Colliers International | West Michigan. "At Colliers, our team not only helps clients understand the current parking landscape, but assists in navigating options and negotiating solutions to this issue. As our downtown continues to evolve, we make it our job to stay in-tune with how parking affects business decisions."
The report includes a parking map with lot types, rates and locations of public and private parking, as well as case studies on new developments in the downtown area and various parking solutions. The report also highlights several options for workers, students and visitors looking to conveniently park and move in, around and out of downtown.
Below is a snapshot from the report of downtown parking by the numbers:
6,754 - City-owned lot/ramp spaces
10,852 - Privately owned spaces
1,800 - City-owned on-street metered spaces
130 - Monthly ramp and surface parking lot cards currently available for sale by the city
$132 - Average rate of monthly parking
$47 - cost of a 31 day unlimited bus pass
$5 - $7 - Average cost of an Uber ride from Wealthy Street SE to Leonard Street NE
5 - Recently approved proposals by the City of Grand Rapids calling for increased pedestrian and biker rights and safety measures