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Parking at Apartments in Santa Clara County

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Presentation on theme: "Parking at Apartments in Santa Clara County"— Presentation transcript:

1 Parking at Apartments in Santa Clara County
What do we have? What do we need? What do we do now?

2 The Mercury News

3 CityLab

4 Ample Parking = Freedom
Ample Parking = Freedom

5 $$$ $$$ $$$ Underutilized parking = Wasted opportunity Lower return on investment

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7 Are apartment complexes in Santa Clara County over-parked?

8 Santa Clara: 1,304 mi sq Orange County: 948 mi sq Los Angeles: 4,751 mi sq

9 Santa Clara: 1,304 mi sq Orange County: 948 mi sq Los Angeles: 4,751 mi sq

10 City of Palo Alto & City of Mountain View
Study City Profiles City of Palo Alto & City of Mountain View

11 $147,537 Median Household Income $1,989,300 Median Home Value 80,076
Palo Alto Mountain View 67,082 Residents 132,671 Daytime Population $147,537 Median Household Income $1,989,300 Median Home Value 80,076 Residents 123,136 Daytime Population $120,351 Median Household Income $1,079,900 Median Home Value

12 Multi-Family Residential Parking Requirements (per unit)
Unit Type City of Palo Alto City of Mountain View Studio 1.25 spaces 1.5 spaces 1 bedroom (650 s.f. or less) (>650 s.f.) 2 spaces 2 bedrooms or larger

13 Apartment Selection Parking area accessible to data collector
Bundled parking spaces only Occupancy at or above 95% No senior housing

14 Palo Alto Apartments – Number of Units

15 Palo Alto Apartments – Parking Supply
All but PA2

16 Mountain View Apartments – Number of Units

17 Mountain View Apartments – Parking SUpply
None but MV4 and MV6

18 Data Collection Mid-weekdays (Tuesday, Wednesday, Thursday)
Between 12:00 AM and 4:00 AM Included on-street parking estimates

19 Neighboring land uses (residential vs. retail & office)
Open parking lots “Van Dwellers”

20 Palo Alto Apartments – Parking DemanD

21 Palo Alto Apartments – Parking DemanD

22 Mountain view Apartments – Parking DemanD

23 Mountain view Apartments – Parking DemanD

24 Summary Parking supply was lower than code requirements for most apartment complexes in Palo Alto, but higher for most apartment complexes in Mountain View Parking supply was higher than observed parking demand at 9 of 12 apartment complexes studied (4 in Palo Alto and 5 in Mountain View)

25 Are apartment complexes in Santa Clara County over-parked? Sometimes.

26 Epilogue

27 City of Palo Alto Housing Work PLan
Adopted in April 2019 Removing barriers to housing in Palo Alto

28 Revised Palo Alto Parking Requirements
Unit Type Old Requirement New Requirement Micro unit (450 s.f. or less) -- 1 space Studio 1.25 spaces 1 bedroom 1.5 spaces 2 bedrooms or larger 2 spaces

29 4,000 square feet 25 spaces

30 Further Questions Do the same parking patterns hold true in other areas of Santa Clara County? In Palo Alto, how will parking requirement updates affect housing development?

31 Ryan Caldera (408) 645-7022 r.caldera@fehrandpeers.com
Questions? Ryan Caldera (408)

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