Case Study: Tailor Lofts boosts parking revenue and reduces staff workload with Parkade

Tailor Lofts creates new spots out of thin air with Parkade

Tailor Lofts, a luxury mixed-use building managed by Cannon Management in downtown Los Angeles, faced a significant parking crisis. With only 30 spots for 58 units, a long waitlist and constant parking abuse created an operational nightmare for staff, frustrated residents, and hindered leasing. The property manager sought a solution to decrease the workload, increase revenue, and improve the resident experience.

By implementing Parkade's parking management platform, which featured a subleasing solution, the building unlocked the potential of its existing lot. The results were transformative: net parking revenue increased by 186%, short-term parking utilization grew by 459%, and staff hours spent on parking decreased by 60%. Parkade provided a reliable enforcement system, drastically reduced resident complaints, and finally gave the property a positive answer to the parking question during tours.

Tailor Lofts

Kri Baldwin

Property Manager