In an increasingly urbanized world, the demand for efficient, safe, and cost-effective parking solutions has grown exponentially.
Traditional concrete parking garages present several challenges to developers and operators, including high land requirements and a non-sustainable reinforced concrete design.
Fully automated parking systems offer an innovative approach that has revolutionized the parking industry. By automating the parking process and significantly reducing the required land space, this type of system offers compelling benefits for commercial developers.
It’s important to note however, that not all fully automated parking systems are the same. In this article, we will explore how fully automated parking systems increase the ROI of commercial development projects by creating more space for revenue generating purposes. We will further discuss why Robotic Parking Systems parking garages are superior to other automated parking systems in safety and reliability–both factors in overall ROI.
Space Efficient Parking
One of the most compelling advantages of fully automated parking systems is their ability to maximize space efficiency. When looking into how to invest in parking garages, it is important to consider that traditional parking garages require ramps, aisles, and large turning radii, which consume a significant portion of the available land. Fully automated parking systems, on the other hand, eliminate the need for these requirements, allowing vehicles to be stacked and stored in a compact manner.
By using half the land area of a conventional parking garage, automated parking systems free up valuable real estate for additional commercial development, such as retail spaces, offices, or residential units. This increase in usable space translates directly into higher revenue for developers. Additionally, the ability to fit more vehicles into a smaller footprint can make a location more attractive to tenants and customers, driving up property values and rental rates.
Safe and Reliable Automated Parking
Reliability and safety are key factors in any investment, and Robotic Parking Systems stand above other automated systems in these areas. In 30 years of existence, with huge projects like the world’s largest automated parking system at the Al Jahra Court, Kuwait, Robotic Parking Systems has never had a lawsuit due to a failed project. This is not the case for other automated parking systems. Robotic Parking Systems guarantees our products, construction and maintenance, 100%.
Why are we so confident? There are many reasons.
Our patented pallet technology means that no machinery ever touches the vehicle. Other automated parking systems have machinery that grabs the tires in order to move the car. This has resulted in elements being ripped off the bottom of low lying cars. Pallets eliminate this risk completely.
Additionally, Robotic Parking Systems utilizes off-the-shelf, high-quality long lasting components. Electro-mechanical components are used rather than hydraulic or pneumatic equipment that involve high maintenance. For its automation, Robotic Parking Systems uses the powerful and proven General Electric (GE) / Emerson platform, deemed by experts to be of the absolute highest quality.
Robotic Parking Systems is the only parking system with the ability to detect and contain a burning vehicle before the fire spreads. Parking garage fires, like the one that occurred at the Luton Airport, are costly for owners and patrons. A fire in one car can quickly spread to hundreds of cars. Robotic Parking System’s patent pending fire detection and containment feature makes its parking garage the safest option.
Sustainable Parking and ROI
In today’s market, sustainability is not just a trend but a necessity. Developers who prioritize eco-friendly designs attract more tenants and customers, particularly in urban areas where green building certifications such as LEED are highly valued and increasingly required. Robotic Parking Systems contribute to sustainability in several ways.
First, as mentioned above, the compact design of these systems reduces the land needed, leading to lower land costs and a smaller carbon footprint. Second, by eliminating the need for vehicle circulation within the facility, the system reduces the overall energy consumption for lighting, ventilation, and other mechanical systems. Additionally, the automation and efficiency of Robotic Parking Systems lead to lower emissions, as vehicles spend less time idling and searching for parking spaces.
These environmental benefits not only appeal to eco-conscious consumers but also can qualify a development for tax incentives and rebates, further enhancing ROI. And, many states and local governments are increasing penalties for non-sustainable structures. The cost to build a sustainable structure in the first place is far less than retrofitting an already existing structure.
Moreover, Robotic Parking Systems “green parking” can improve a developer’s brand image, leading to increased demand for their properties.
How to invest in Parking Garages: Market Differentiation and Competitive Advantage
In a competitive real estate market, developers are constantly seeking ways to differentiate their properties. Robotic Parking Systems provide unique selling points that can set a development apart from the competition. The cutting-edge technology and superior user experience appeal to a wide range of potential tenants, from tech-savvy professionals to businesses looking to enhance their brand image.
By offering a superior parking solution, developers can command higher rents and attract a more prestigious tenant base. Additionally, the novelty and innovation of Robotic Parking Systems can generate positive media coverage and word-of-mouth marketing, further increasing the desirability and profitability of a development.
Increasing the ROI of Parking
Robotic Parking Systems represent a transformative advancement in the parking industry, offering numerous benefits that directly enhance ROI for commercial developers. By maximizing space efficiency, improving reliability, enhancing safety, and reducing maintenance costs, our systems provide a compelling value proposition. Furthermore, the environmental benefits and potential for market differentiation make Robotic Parking Systems an attractive option for developers looking to stay ahead of the curve in an increasingly competitive real estate landscape. As urban areas continue to grow and the demand for efficient parking solutions rises, commercial developers researching how to invest in parking garages for maximum ROI will benefit greatly from learning about the solutions that Robotic Parking Systems has to offer.
For more information about our system, click on the link below. Provide the specifications of your project, and receive an initial set of drawings at no cost or obligation.