What kind of estimated monthly revenue is needed to cover debt service and operating expenses for a parking garage?

4 years ago by in Planning, Parking Studies, Operations

This will vary by region due to construction costs. However, a good range for estimating the amount of revenue for covering both debt service and operating expenses is approximately $135 to $150 per space.  This range of revenue may also provide the debt service coverage ratio needed by the banking/investment community to underwrite the project.

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