Assumptions: You are currently reimbursing 50 employees $75 per month for downtown parking You are considering leasing 5,000 Square Feet (100sf per employee) of Office Space at Distillery Commons at $10 per SF per Year Calculations: Your Parking Expense is $900 per year per employee, totaling $45,000 annually Your Rent Expense would be $50,000 per year With Distillery Commons Free Parking, you have saved $45,000 in parking fees to use for rent payments The Net Effect is $5,000 per year for renting 5,000 SF of unique office space, a mere $1 per SF per year Additional bonuses: Your staff should be closer, having less daily distance to travel and no wasted time or gas in parking garages. Minutes from Downtown, without the expenses nor the hassles!
Abundant parking just steps from the buildings
Let's do the math to calculate your savings:
Your staff can walk to numerous great restaurants, stroll through Cave Hill, or run or walk in Cherokee or Seneca Parks