Case Study: Ogden & Company achieves 270% revenue growth with ParqEx parking solutions

Ogden and Company leverage ParqEx Marketplace to Drive 270% Revenue Growth

Ogden & Company, a real estate management firm, faced challenges with high vacancy rates and security issues at a Milwaukee parking lot. Their outdated booking process, which required phone calls and leases, discouraged renters, forcing them to price spots below market value. An audit also revealed significant problems with illegal parking and obsolete access control. To solve this, they partnered with the vendor ParqEx.

ParqEx implemented its SMART Parking Technology platform, including the ParqEx Marketplace for easy online bookings, the Access+ system for secure, automated entry, and the Enforcer app for real-time violation management. This solution replaced illegal parkers with paying customers, leading to a 270% growth in revenue, reaching $78,500 annually, and raising occupancy to over 85% within two months. Ogden & Company was so pleased with the results from ParqEx that they expanded the program to four additional properties.

Ogden & Company

Doug Saugstad

Property Manager