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Parking at Apartments in Santa Clara County

This article explores the parking situation in apartment complexes in Santa Clara County, specifically in Palo Alto and Mountain View. The study reveals the underutilized parking spaces and lower return on investment, prompting a revision in parking requirements for housing development. This article discusses the observed parking supply and demand, and raises questions about parking patterns in other areas of Santa Clara County.

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Parking at Apartments in Santa Clara County

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  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

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

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

  7. Study City Profiles City of Palo Alto & City of Mountain View

  8. Palo Alto Mountain View • 67,082Residents • 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

  9. Multi-Family Residential Parking Requirements (per unit)

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

  11. Palo Alto Apartments – Number of Units

  12. Palo Alto Apartments – Parking Supply

  13. Mountain View Apartments – Number of Units

  14. Mountain View Apartments – Parking SUpply

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

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

  17. Palo Alto Apartments – Parking DemanD

  18. Palo Alto Apartments – Parking DemanD

  19. Mountain view Apartments – Parking DemanD

  20. Mountain view Apartments – Parking DemanD

  21. 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)

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

  23. Epilogue

  24. City of Palo Alto Housing Work PLan • Adopted in April 2019 • Removing barriers to housing in Palo Alto

  25. Revised Palo Alto Parking Requirements

  26. 25 spaces 4,000 square feet

  27. 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?

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

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