ATLANTA - URBAN SUBMARKETS
2012 PARKING SURVEY
Atlanta Office Parking Rates Continue to Hold Steady The data for this parking survey was compiled and collected by Colliers International - Atlanta through means of calling property Landlords, Owners and Parking Operators; and also by on-foot research. Criteria used for this report includes covered or underground parking garages only; located in Atlanta’s urban submarkets. For decks not associated with office buildings, location is in proximity and relevant to office centers:
Updated May 2012
Unreserved Rates (monthly)
MARKET INDICATORS - CBD* PARKING LOW
HIGH
AVG
RESERVED
$55
$200
$143
UNRESERVED
$55
$135
$96
DAILY MAX
$4
$22
$12
HOURLY
$1
$8
$4
The overall average for unreserved parking rates in Atlanta’s Central Business District (CBD)* showed a slight increase of $1.46 per month from 2011’s average. The high remains unchanged from last year at $135 in three locations while the low increased to $55. Buckhead’s average rate for unreserved parking is $68.65 per month according to this year’s survey; the high and low are $95 and $25, with four office properties offering parking at no cost. Reserved Rates (monthly) The CBD’s overall reserved parking rate average remained relatively unchanged from 2011’s survey. The high also remains unchanged at $200 and can be found at two locations: 1075 Peachtree and 1180 Peachtree. The low increased to $55 and is located at Mayfair Royal. Buckhead’s average rate for reserved parking is $104.18 per month according to this year’s survey. The high and low are $135 located at 3630 Peachtree and $65 which can be found at the Lenox Center building. Daily Maximums and Hourly Rates The daily maximum average rate in the CBD increased slightly in 2012 to $12.03. The most affordable locations to park for the day range between $4-$6 and can be found in seven parking facilities mostly on the southern end of the CBD. The highest daily maximum in the CBD is $22 and is located directly adjacent to the Westin Peachtree. For Buckhead, parking is free in four office locations. Elsewhere, the lowest daily maximum is $8 at five locations. The highest daily maximum in Buckhead is located at Lenox Overlook which costs $20 to park for the day. Hourly parking rates average around $4.35 in the CBD and $4 in Buckhead. Parking Maps: Downtown, Midtown and Buckhead The following maps provide the locations of the office buildings and parking facilities researched for this survey.
*Central Business District (CBD) includes Downtown and Midtown
www.colliers.com/atlanta
MARKET REPORT | 2012 | PARKING | ATLANTA
Downtown Office Building Parking Decks Non-Office Parking Decks
15
22 14
36
9 37
7
42
12
34
13 30
23 29 23 23 4
28 3 40
39
26 35
27 25 17 33 10 8
18
20 19 16 11 32
1
38 38 41
RES. (Mo.)
1
100 Edgewood
$106
2
151 Ellis
38 38
UNRES. HR. MAX E/B (Mo.) $76
$5
3
180 Peachtree
$95
$75
$3
$15
$4
191 Peachtree
$175
$125
$4
$18
$7
5
260 Peachtree
$120
$4
$12
6
270 Peachtree
$120
$4
$12
7
30 Allen Plaza
$135
$5
$12
8
34 Peachtree
9
55 Allen Plaza
$165
$5
$12
10
55 Marietta
$150
$95
$4
$6
11
55 Park Place
$110
$85
$4
$6
12
250 Williams
$95
$3
$10 $17
13
250 Piedmont
14
Baltimore Row
$165
$100 $135
$15
$65
$6
$90
$60
$3
15
BofA Plaza
$185
$135
$3
$14
Candler Bldg.
$125
$95
$7
$10
17
Centennial Tower $150
$110
$6
$10
18
100 Peachtree -Cone Street
$85
$65
19
100 Peachtree -Forsyth St
$120
$100
$8
$12
20
Georgia-Pacific Center
$100
$85
$5
$10 $4.50
21
Hurt Building
$100
$6
$20
22 One Georgia Ctr
$145
$104
$3
$15
23 Peachtree Ctr
$150
$75
$6
$16
24 SunTrust Plaza
$160
$120
$5
$4
$2
$20
$5
25 100 Luckie St
$4
$12
$5
26 104 Marietta St
$2
$8
$8
$22
27 107 Spring St
$4
29 218 Peachtree St 30 227 Courtland St 31
$95
$8
$18
$5
$6
$16
$4
31 Baker St
$5
32 43 Auburn Ave
$2
$8
33 79 Marietta St
$4
$6
$3
$10
34 America’s Mart
$125
35 CNN Center 36 Crawford Long
$13 $4
$6
37 GA Aquarium
$10
38 GSU Campus
$6
39 GWCC Campus
$10
40 Philips Arena
$8
Underground Atlanta
$10
41
42 World of Coke
| COLLIERS INTERNATIONAL
$5
16
28 171 Carnegie Way
P. 2
$12
$65
4
2
21
41
PROPERTY
24
31 6 5
34
39
#
$10
$5
MARKET REPORT | 2012 | PARKING | ATLANTA
Midtown Office Building Parking Decks Non-Office Parking Decks
18
22 19
9
5
20 24 30
15
PROPERTY
RES. (Mo.)
1
1075 Peachtree
$200
$120
$3
$12
2
1100 Peachtree
$130
$90
$5
$14
$200
$125
$6
$16
3
1180 Peachtree 1275 Peachtree
$85 $65
3 25
12
10
13
5
1330 W Peachtree 730 Midtown
7
999 Peachtree
$145
$100
$4
$12
8
Atlantic Center Plaza
$195
$95
$5
$15
$75
9
Atlantic Station
$165
$110
$2
$14
10
Campanile Plaza
$150
$100
$4
$14
$2
$12
11
Centergy One
$155
$90
12
75 14th Street
$150
$95
13
Mayfair Royal
$55
14
715 Peachtree
15
Midtown Plaza
$145
$105
$5
$13
16
10 10th Street
$150
$100
$5
$13
1
26
$5
$5
$60
17
One Atlantic Ctr.
$150
$110
$5
$15
18
Peachtree Pointe
$135
$85
$1
$10
19
Pershing Park Plaza
$165
$100
$4
$10
20
Pershing Point Plaza
$60
$5
$16
$5
21
Promenade II
$100
$4
$13
$5
22
Silhouette in Midtown
23 The Biltmore
$135
25 The Proscenium
$6
$85 $150
24 The Peachtree
2
$5
$1.50 $10
6
21
17
UNRES. HR. MAX E/B (Mo.)
4
4
27 8
#
$135
$75
$2
$13
$95
$3
$8
$90
$4
$15
$6
$12
26 12th & Midtown
$6
16
27 Arts Center 7
$10
28 Georgian Terrace
$6
$15
29 Metropolis
$3
$12
29 11
30 1337 Peachtree 31
754 W. Peachtree
$85
$55
$5
$9
$3
$8
$4
23 31 6
14 28
COLLIERS INTERNATIONAL |
P. 3
MARKET REPORT | 2012 | PARKING | ATLANTA
19
Prominence in Buckhead
21
Two 20 Securities Center
16
Bu
Lenox 6 Place Tower r Westin Towers Place 200 2 14 Buckhead 8 17 27 Tower 26 (! Peachtree 1 Place 100 Lenox Bldg. 3344
One Buckhead Plaza St. Regis Hotel13
PROPERTY
Peachtree
Dunwood
Rd
NE
The Lenox Building
J.W. Marriott
E Pa
ces
22Resurgens Plaza
•
Lenox
Ferncliff Rd NE
Canter Rd NE
r Fe
UNRES. (Mo.)
HR.
MAX
r NE
1
3344 Peachtree
$125
$95
$4
$12
2
3405 Piedmont Rd.
FREE
FREE
FREE
FREE
3
3630 Peachtree
$135
$95
$4
$10
4
Atlanta Financial Center
$100
$65
$4
$15
5
Atlanta Plaza
$125
$60
$3
$10
6
Ivy Place
$60
$25
7
Lenox Center Bldg.
$65
8
Lenox Overlook
$55
$2
$8
$60
$12
$20 $8
9
Lenox Plaza
$55
$2
10
Lenox Towers (North & South)
$95
$75
$3
$8
11
Monarch Center (Plaza & Tower)
$90
$70
$4
$17
12
Alliance Center (One & Two)
$115
$85
$4
$10
13
One Buckhead Plaza
$105
$70
$6
$15
14
One Capital City Plaza
$110
$55
$3
$12
$45
$4
$10
FREE
FREE
FREE
FREE
15
One Live Oak
16
Securities Centre (One & Two)
E
ro Dr N
Roxbo
Pharr Rd NE
RES. (Mo.)
17
Peachtree Lenox Bldg.
$95
$65
$2
$8
18
Phipps Tower
$125
$95
$4
$8
19
Piedmont Center
management • Over 12,000 professionals
E/B
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
FREE
$97
$70
$3
$9
22 Resurgens Plaza
$110
$65
$3
$10
23 Terminus 100 & 200
$125
$95
$4
$15
$75
$4
$12
25 The Pinnacle
$125
$85
$3
$10
26 Tower Place 100
$100
$70
$4
$18
$4
$12
$3
$10
Prominence in Buckhead
24 The Lenox Bldg.
27 Tower Place 200
$110
$60
28 Two Buckhead Plaza
$125
$70
29 Two Live Oak
$85
$65
www.colliers.com/atlanta
RESEARCHER: Atlanta Scott Amoson Vice President | Director of Research Two Midtown Plaza | Suite 1100 1349 West Peachtree Street, NE Atlanta, Georgia, 30309 TEL +1 404 877 9286 FAX +1 404 870 2845
FREE
21
$1.8 billion in annual revenue
• Over 2.5 billion square feet under
FREE
20 Piedmont Place
United States: 147 Canada: 37 Latin America: 19 Asia Pacific: 201 EMEA: 118
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23
Peachtree Grand Hyatt
K
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Mathieson Dr NE
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This market report is a research document of Colliers International. Information herein has been deemed reliable and no representation is made as to the accuracy thereof. Colliers International-Atlanta, Inc., and certain of its subsidiaries, is an independently owned and operated business and a member firm of Colliers International Property Consultants, an affiliation of independent companies with over 520 offices throughout 62 countries worldwide.
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