Case Study: Coastal Ridge Real Estate’s The Aubrey boosts parking revenue and efficiency with Parkade

The Aubrey modernizes their approach to parking management with Parkade

Coastal Ridge Real Estate, a real estate investment and management firm, faced significant parking challenges at their luxury apartment property, The Aubrey. They inherited a disorganized, manual system using a laminated paper sheet to track spots, which was time-consuming for staff and led to resident complaints. With fewer parking spots than units, they needed a reliable solution to manage assignments and increase revenue. They implemented the Parkade app to modernize their approach.

By using Parkade, Coastal Ridge gained a digital, reliable system for tracking parking agreements and facilitating short-term rentals. The vendor's solution decreased staff workload dramatically and automated enforcement. Parkade delivered a 22% increase in overall parking revenue, an 11.5% increase in net long-term revenue, and a 175% boost in short-term parking utilization, effectively paying for itself.

Coastal Ridge Real Estate

Brittany Neff

Regional Manager