Curbside Competition: Winning Back Travelers from Rideshare Services

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.

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.

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. 

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.

In today's world, data is one of the most valuable resources a business can possess. The parking industry is no exception, and having access to accurate and comprehensive data is essential for managing a profitable parking operation. Unfortunately, most traditional parking systems do not provide owners with the information to make informed decisions about their facility, and what they do provide, is only accessed in a manual and laborious manner. Leveraging technology-driven parking management unlocks this data, freeing your team and resources to think about how you can best use these insights; this blog explores how.

LPR is revolutionizing the parking industry by providing enhanced security, streamlined operations, and improved customer experience. In this blog, we will delve into what License Plate Recognition is and explore why it is essential for parking development.

In the fast-paced world of commercial parking, delivering an exceptional customer experience is paramount. Every interaction with your facility is a chance to make a lasting impression, but are you truly making the most of these opportunities? If you're still relying on a traditional ticket-based Parking Access and Revenue Control System (PARCS), you might be missing out on valuable customer data that can transform your parking operation.

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.

In the competitive landscape of commercial real estate, office owners are increasingly focused on maximizing the value of their investments by strategically attracting and retaining tenants who are willing to pay a premium price for superior workplace experiences. In this pursuit, the role of amenities has emerged as a crucial factor. Read the full blog to learn more.

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.

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.

Over the years, parking technology has evolved significantly, transforming the way we park our cars. From traditional ticket-based models to cutting-edge smart parking solutions, the industry has seen remarkable advancements. In this article, we'll take you on a journey through the history of parking technology, its current state, and the exciting possibilities that lie ahead.

Flex parking subscriptions are emerging as a less-known but increasingly popular choice among both property owners and tenants. In this article, we'll delve deeper into the workings of Flex parking subscriptions and why having a flexible and reliable parking system is essential for optimizing revenue.

In this blog, we'll discuss what happens when your parking system does goes down and how Vend helps address these challenges, ensuring uninterrupted parking services for your customers.

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.

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.

The shift towards hybrid work and flexible workspaces due to the pandemic has reduced overall parking demand, leading landlords to consider offering more flexible parking solutions to meet the changing needs of tenants. However, parking demand may still be high for businesses in suburban areas or those that require a physical presence.

Over the past 30 years, off-street parking enforcement technology has remained unchanged. Surface lots have relied on outdated pay-on-foot stations and money boxes, while parking garages have used gated paper ticket access and revenue control solutions. However, recent advancements in digital solutions have revolutionized the parking industry, offering a range of benefits such as an enhanced customer experience, increased revenue, and decreased costs.

In this blog post, we'll explore how LPR technology can enhance security through video monitoring and efficient access control. We'll also highlight how Vend Park, a leading parking management solutions provider, offers comprehensive solutions that deliver results, including a real-life success story.

The commercial real estate industry is experiencing a paradigm shift in office leasing, driven by the convergence of two significant factors: the flight to quality and the evolving expectations of today's workforce. For office owners, it is crucial to understand the impact of these trends and adapt to the changing economic climate to ensure long-term success.

In the modern world of parking management, optimizing the performance of your location using data is essential for success. Vend's Parking Control Systems stands out with its unique and powerful functionalities designed to improve garage performance and drive revenue growth. In this blog, we will explore the key features that differentiate Vend's platform, providing real value to both real estate owners and tenants.