Case Study: Kairos Real Estate boosts parking revenue and utilization with Parkade

Kairos Real Estate creates new parking options for office tenants with Parkade

The customer, Kairos Real Estate, faced significant challenges in managing the limited parking for their 500+ employees at the 201 Isabella office building in Pittsburgh. The manual, attendant-based system was unreliable, time-consuming, and created security risks. While monthly leases were full, daily parking was consistently unavailable, and the entire billing process was archaic, leading to low garage utilization and employee frustration. They implemented Parkade to modernize this amenity.

Parkade provided a complete parking management solution, including a mobile app for reservations, subletting, and payments, along with gate integration. This allowed monthly parkers to easily share their spots, freeing up an average of 40 spaces daily for others. The results were a 15% increase in revenue, an 18% rise in parking utilization, and the elimination of a $100,000/year attendant position. Parkade delivered a major amenity upgrade, a huge NOI improvement, and a vastly better experience for tenants.

Kairos Real Estate

Stephen Gleason

President