Parking Rent Reviews
Are You Getting the Right Rent From Your Parking?
Car parks can represent a significant part of a commercial property’s value, but parking rents are not always reviewed with the same level of specialist insight as the wider property.
Vernon provides independent parking rent review advice to help property owners, managers and investors better understand the commercial position of their parking assets.
Specialist Parking and Property Insight
With a background in registered valuation, commercial property and more than 28 years of parking experience, Vernon brings a specialist perspective to parking rent reviews.
Looking Beyond the Rent
Parking rent shouldn’t be considered in isolation.
Vernon can look at how the parking is being used, the role it plays within the wider property and whether the current arrangement reflects the commercial value of the asset.
This can also highlight wider opportunities around revenue, utilisation or how the parking is managed.
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Independent Advice
Every property and parking arrangement is different.
Vernon provides an independent commercial view, drawing on his experience across parking, property, leasing and valuation to help clients better understand their position before making the next decision.
Common Questions
Parking rents can vary depending on location, demand, property type, access and the wider commercial arrangement. Vernon can review the current position and help you understand the factors that should be considered.
Parking rents vary depending on location, demand, access, whether the space is reserved and the wider commercial arrangement. Urban Return can help assess what makes sense for the property.
A review may be useful at a formal lease review point, when an existing arrangement has been in place for some time, or when market conditions or the use of the property have changed.
Yes. Urban Return can review the parking component of an existing commercial arrangement and provide advice on rent, structure and commercial terms.
Yes. Urban Return can provide independent commercial advice to support discussions between landlords, tenants or other parties.
Reviewing a Parking Rental Arrangement?
Get an independent view of your parking asset and its commercial position.
Phone: +64 27 609 8170
Email: [email protected]