Parking at Apartments in Santa Clara County

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Presentation transcript:

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

The Mercury News

CityLab

Ample Parking = Freedom    Ample Parking = Freedom

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

Are apartment complexes in Santa Clara County over-parked?

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

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

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

$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

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

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

Palo Alto Apartments – Number of Units

Palo Alto Apartments – Parking Supply All but PA2

Mountain View Apartments – Number of Units

Mountain View Apartments – Parking SUpply None but MV4 and MV6

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

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

Palo Alto Apartments – Parking DemanD

Palo Alto Apartments – Parking DemanD

Mountain view Apartments – Parking DemanD

Mountain view Apartments – Parking DemanD

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)

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

Epilogue

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

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

4,000 square feet 25 spaces

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?

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