The Value of ParqEx’s Marketplace

ParqEx
7 min readAug 5, 2022

Everyone has experienced the pain and inconvenience of looking for a parking spot. Despite the endless number of parking lots, structures, and places, there never seems to be enough. Some of these locations are too costly, and some are inaccessible to people seeking parking. Due to this parking dilemma, urban planning groups continue to carve out real estate.

ParqEx is here to tell you that cities no longer need to spend money creating more locations! There is already a surplus of parking available. Instead, cities have just needed a solution to open these parking spaces to transient renters seeking spots, and ParqEx’s property technology solutions fit that bill.

Real estate entities, builders & developers, and anyone looking for parking: continue reading to understand the value of ParqEx’s Marketplace and how it can benefit you.

What is Marketplace

With ParqEx’s Marketplace, users and owners can find or list private parking spaces. Our platform enables non-commercial parking owners to rent their underutilized private parking spaces to transient renters.

The Private Parking Marketplace

Start earning easy, additional income by listing your parking spot during the days or times you aren’t using it. Need a parking spot and want to avoid the headaches of searching for parking? Access our exclusive inventory of private parking spots and reserve it ahead of time — just arrive and park!

Learn more here

Search & Find Parking

Do you have a specific hour, day, or week that you are looking for parking? Do you need long-term parking? Enter where and when you want to park, choose between short-term and monthly, and reserve your parking.

Stress-Free Parking

Once you have reserved parking on the platform, you can relax. You no longer have to worry about finding parking upon arrival at your destination. Instead, you can gain peace of mind knowing your secure spot will be waiting for you. So stop circling blocks looking for over-priced parking! Rather, experience the value of ParqEx’s Marketplace.

Questions? Answers

Do you have any questions about the parking spot you are renting? Through our app, you can contact the parking owner and get answers to your questions. Remember that when you book a spot, you never actually have to meet or come into contact with anyone; our parking is 100% touchless. Just pull in & park at your spot.

Have Parking? Earn Easy Money!

Do you have a parking spot? Rent it out on ParqEx’s Private Parking Marketplace for the weeks, days, or even a few hours you are not using. Once your spot is on our platform, your work is done. Start collecting supplemental income on your parking asset & gain insight into the activity surrounding your spot. Our owner dashboard will give you the stats and earnings of your listing.

Availability Calendar

Do you need your parking spot for only a handful of hours during the day? Do you want to set a more advanced schedule for your spot? Our availability calendar allows you to control your spot right down to the hour. So go ahead, and set special terms, blackout dates, booking & lead times, surcharges, cancellation fees, and availability variations through our app. It’s your spot, after all; you should have complete control of your asset.

Marketplace for Short-Term & Monthly Parkers

Do you want to find parking ahead of time and avoid the headaches of searching high and low for a decently priced spot? Access our exclusive inventory of private parking spots and book the perfect spot in advance. Whether it is a short-term or long-term rental, we have got you covered. So download our app and get to parking!

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Marketplace for Residential Properties

Our Marketplace platform does not just add value to individual renters and owners. The value of ParqEx’s Marketplace extends to any residential property. And it does not just serve to find or list parking. It also helps properties with parking management, security, guest parking, and costs. Some value for residential properties include:

1) Booking & Management of Resident Parking

With ParqEx’s platform, our tech streamlines the booking and management of resident parking on your property. Gone are the days of constant headaches surrounding parking management. With Marketplace working alongside our tenant management system, management can relax.

2) Visitor Parking — Luxury Amenity

Does your property offer a slew of amenities to try and keep up with competitors? A comfort that many properties fall short of is visitor parking. With Marketplace working in tandem with GuestParq, add a new luxury amenity that will increase the satisfaction of your current tenants & their guests, all while attracting prospective tenants. The value of ParqEx’s platform does not stop at tenant and guest satisfaction; your property can also earn supplemental income on these visitor parking spaces. So, list those guest parking spaces on ParqEx’s Marketplace and add more value to your property.

3) High-Tech, Easy-To-Use Technology

Technology is, more often than not, a key selling point to new residents. Impress your tenants with ParqEx’s parking management technology. Do you want to up the ante versus your competitors? Upgrade your access control to ParqEx’s Access + or Access + Premium LPR lines. With Access +, our Access + app will open and close all doors, garage doors, gate arms, etc., to all approved residents and their visitors. Are you looking to take it one step further? Our License Plate Recognition technology goes 100% touchless. Approved drivers can enter and exit simply by pulling up the LPR camera.

4) Increase Revenue

Your property will increase revenue and reduce costs via renting out surplus parking to transient renters on the ParqEx platform. With property technology such as Access Control & LPR, all gated properties can now open their doors to approved renters & guests. So start earning an additional income via parking with ParqEx!

5) Reduce Costs

When ParqEx’s Marketplace works with Access + or LPR, properties can eliminate the need and cost of managing all fobs, keys, cards, and tickets. So go ahead and save thousands of dollars on operating costs!

6) Better Parking Experience

Property management aims to impress on all accounts. However, more often than not, the parking experience is forgotten. ParqEx is here to remind you that tenants and visitors do not forget about parking as quickly. ParqEx property technologies offer a better parking experience for your residents and guests, leaving a good taste in everyone’s mouth regarding their stress-free parking.

7) Total Transparency

Property management is always striving to find ways to improve the security of their property. The ParqEx platform has all pertinent information in real-time on every vehicle entering and exiting the property. In addition, with ParqEx’s Enforcer app, management can enforce all parking violations from the palm of their hand. So, increase your security and gain total transparency with ParqEx!

Value of ParqEx’s Marketplace in Use

ParqEx has experienced repeated success with its Marketplace platform at hundreds of properties across the country. One of several examples is Sheridan Plaza, a 12-story multifamily property in Chicago. Before ParqEx’s parking solutions, the property noticed an unfortunate trend that residents were not leasing available parking. To make up for this loss of revenue, they sought external renters but were not experiencing any success on their own. However, once ParqEx’s full suite of technology — Marketplace, Access+, Enforcer, and GuestParq — were on-site, the property saw an additional $34k added income.

Want to learn more about “The Value of ParqEx’s Marketplace”? Download our Sheridan Plaza case study here.

Inquire About ParqEx’s Marketplace

ParqEx’s parking platform is for everyone and anyone dealing with parking.

Do you need a parking spot for a meeting downtown this week? Reserve your spot today. Are you looking for monthly parking? Reserve your long-term monthly parking with ParqEx. Do you have a parking spot but never use it? List that spot and start making money off it.

Does your property have a surplus in parking spaces available? Are you looking for ways to increase revenue, decrease costs, add an amenity, fix your guest parking situation, and increase security? Then, reach out to ParqEx, and we will get your parking squared away with Marketplace and whatever other ParqEx property technology your property may need.

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ParqEx

ParqEx is a venture backed parking technology platform that has developed innovative IoT & AI technology to manage and monetize real-estate parking assets.