Revenue per space divides a parking lot's total revenue by its number of spaces. It puts lots of different sizes on the same scale, so you can compare your lot with others, track changes over time, and see how much each space contributes.
Use the calculator below to estimate revenue per space from your monthly revenue, expenses, and occupancy.
Key Takeaways
- Formula: Revenue per Space = Total Revenue ÷ Total Spaces.
- Net view: Net Income per Space = (Revenue − Operating Expenses) ÷ Total Spaces.
- Occupied vs. total: Revenue per occupied space divides by spaces in use, so it shows what a used space earns.
- Compare and track: The metric is most useful for comparing similar lots and watching your own results over time.
- Drivers: Price, occupancy, and rate mix (hourly, daily, monthly) all move revenue per space.
Calculate Revenue Per Parking Space
Enter your revenue, expenses, and capacity to see what each space generates.
Revenue / Space / Day
$0.00
Revenue / Space / Month
$0
Revenue / Space / Year
$0
Net Income / Space / Month
$0
Revenue / Occupied Space / Month
$0
What Is Revenue Per Parking Space?
Revenue per parking space measures how much income each space in a lot produces over a period. The basic calculation is:
Revenue per Space = Total Revenue ÷ Total Spaces
- Total Revenue: All parking income for the period, including hourly, daily, monthly, event, and other fees.
- Total Spaces: The number of usable spaces in the lot.
- Net Income per Space: Revenue minus operating expenses, divided by total spaces.
- Revenue per Occupied Space: Revenue divided by the average number of occupied spaces (total spaces × occupancy).
- Revenue per Space per Day: Monthly revenue per space divided by operating days.
Worked Example
Say a 100-space lot earns $18,000 a month in gross revenue, has $7,000 in monthly operating expenses, and averages 60% occupancy over 30 days.
$18,000 ÷ 100 = $180 per space per month
That is $180 × 12 = $2,160 per space per year, or $180 ÷ 30 = $6.00 per space per day. Net income per space is ($18,000 − $7,000) ÷ 100 = $110 a month. Because only 60 spaces are in use on average, revenue per occupied space is $18,000 ÷ 60 = $300 a month. Enter your own figures in the calculator above.
How to Increase Revenue Per Space
- Raise occupancy: Monthly permits, event parking, and partnerships with nearby businesses fill empty spaces.
- Optimize pricing: Adjust rates by time of day and demand so peak hours earn more and slow hours still attract drivers.
- Add revenue streams: Overnight, reserved, valet, and EV charging spaces can raise income per space.
- Increase turnover: Selling a space more than once a day lifts revenue without adding capacity.
- Reduce costs: Lower expenses improve net income per space even when revenue stays the same.
- Use every space: Restripe, recover blocked areas, and fix layout problems so all spaces are sellable.
Frequently Asked Questions
How do you calculate revenue per parking space?
Divide total parking revenue for a period by the total number of spaces. For example, $18,000 in monthly revenue from a 100-space lot is $180 per space per month, or $2,160 per space per year.
What is revenue per occupied space?
Revenue per occupied space divides revenue by the number of spaces actually in use rather than total spaces. It shows what each used space earns, and is higher than revenue per space whenever occupancy is below 100%.
What is a good revenue per parking space?
There is no universal figure. Revenue per space varies widely with location, pricing, occupancy, and the mix of hourly, daily, and monthly parkers. Compare your result with similar lots in your market and track how it changes over time.
What is the difference between revenue per space and net income per space?
Revenue per space uses gross income before costs. Net income per space subtracts operating expenses first, so it shows how much each space contributes to profit.
How can I increase revenue per parking space?
Raise average rates where demand supports it, increase occupancy with monthly permits and event parking, add overnight or reserved spaces, sell more than one turnover per space per day, and reduce empty hours with time-based pricing.