Case Study: Thrive Companies boosts parking revenue and saves staff time with Parkade

Thrive Companies - Customer Case Study

Thrive Companies, a real-estate developer in Columbus, Ohio, struggled with an unsustainable and inefficient parking system at their Jeffrey Park and Founders apartment communities. Their staff was spending multiple hours daily managing parking, which led to resident disputes, unauthorized parking, and an inability to offer short-term parking options. This manual process was a significant drain on resources and left potential revenue on the table.

By implementing Parkade's parking management software, Thrive automated their operations. The solution provided an app for residents to manage their parking and enabled short-term rentals. As a result, staff time spent on parking decreased by 90%, saving $60,000 annually at one property. Parkade also drove a 17% revenue increase at Jeffrey Park and a 30% increase at Founders, while generating over $2,500 and $3,000 per month respectively from new short-term parking revenue.

Thrive Companies

Erica MacDonald

Director of Community Management