A parking ratio is the number of parking spaces a property has for each home, or for each unit of floor area in a commercial building. A building with 150 spaces and 100 apartments has a ratio of 1.5 spaces per unit.
Where it matters
- Zoning. Local codes often set a minimum, or sometimes a maximum, number of spaces for a new building. The rules differ from one city to the next, so check your own.
- Allocation. A ratio below one space per unit means some homes go without, which is when a waitlist and a written allocation rule matter most.
- Pricing. Where spaces are scarce, properties more often charge for them separately from rent.
In Parken Lot
Parken Lot does not calculate a parking ratio. Its Occupancy report shows, for each lot, how many spaces there are, how many are assigned, how many are open and how many are out of use. That tells you how full your parking is rather than how much of it you have per home.