Glossary of Terms

Parking Ratio 2015-11-10 08:00:00

Parking Ratio

Total rentable square footage of a property divided by the number of parking spaces; typically expressed as a ratio of spaces per 1,000 square feet. As an example calculation, a 40,000 square foot office building with 180 parking spaces has a parking ratio of 4.5 spaces per 1,000sf. Different property types or tenant uses may require different parking ratios.