Case Study: China Basin achieves 39% NOI growth with Parking Advisors

China Basin boosts NOI 39% with Parking Advisors

Parking Advisors was engaged by China Basin to optimize the parking operations for its San Francisco campus, which included two Class A office buildings and residential apartments. The challenge was to increase revenue and improve operational efficiency for the 178-space parking garage located directly beneath the property.

To address this, Parking Advisors implemented strategic marketing and event pricing and conducted a successful operator RFP process. This solution led to a 10% year-over-year increase in gross revenue and a 37% reduction in operating expenses. Ultimately, Parking Advisors helped drive a 39% improvement in net operating income, generating approximately $7 million in additional value for the asset.

China Basin