ParqEx is the Smart Parking Platform, designed to help property owners and managers optimize the value of their real estate assets designed for parking vehicles. Properties throughout Pittsburgh (whether multi-family, condos, retail, or organization-based like churches and schools) include parking lots and garages that sit empty up to 80% of the time because the right solutions and incentives aren't in place to make better use of them. That's where ParqEx comes in. Our technology platform gives these parties the tools they need to increase income, reduce costs, provide amenities, and lower management effort.
So... how does ParqEx help solve the Challenge Question? It is crucial because in the short- to mid-term the majority of all journeys will still involve individually-sized vehicles. This will likely include ride-shares and autonomous vehicles, but despite all efforts to encourage mass transit options the reality is that passenger cars won't disappear anytime soon. They will impact everyone's journeys - especially if there aren't enough places to put them. Insufficient parking results in added traffic, congestion, and pollution. It is therefore important to give property owners the tools and incentives to make their parking more available for use by others so that we can get more vehicles off the roadways faster.
Since every property is different, the ParqEx platform includes modular solutions that can be used individually or combined together to tailor it for each use. For owners interested in additional income from parking rentals, the ParqEx Marketplace allows them to make it available to drivers in need of a spot. Access+ is a proprietary IoT technology that offers control of doors and gates through the ParqEx app so that owners can manage secure locations without the cost and hassle of physical items like clickers and fobs. GuestParq is a guest parking solution designed for apartments and condominiums that creates a valued building amenity while also potentially increasing income for the owner or HOA. Finally, ParqEx Enforcer includes easy-to-use administrative tools to quickly ensure the right vehicles are parked in the right location.
Put together, these solutions offer a true win-win-win scenario because:
- Owners/Managers increase income, lower management cost/effort, add amenities
- Drivers have more options for parking closer to their destination with less search time
- Communities get vehicles off the road faster, freeing space for other forms of transport