One of the common misconceptions about robotic parking is that it costs more per parking space than a conventional concrete garage. While this is often true if land costs are low, a robotic parking garage will ALWAYS save developers money if land costs are $80 to $100 or more per square foot.
Why is this always true? Because a Robotic Parking System uses half the land area for the same number of parking spaces as a conventional concrete garage.
In this example, you can easily see that the savings in land cost more than makes up for the additional construction cost of the automated parking system. The total development costs (including land, construction costs and soft costs) are lowered by $325,000 just by using a Robotic Parking System instead of a conventional concrete garage.
Additionally, robotic parking offers more benefits to the developer as well as the users of the parking facility.
Some of these benefits include:
- premium valet service without the valet
- greater security for people and their vehicles
- drastically reduces risk of personal injury
- virtually eliminates dings, dents, theft and vandalism to vehicles
- lower lighting and ventilation requirements
- reduces CO2 emissions and other pollutants and greenhouse gases
- reduces carbon footprint
- fully enclosed – in comparison to a fully enclosed conventional garage, the Robotic Parking System reduces operating costs by more than 50%
- lower insurance costs
- underground applications can save as much as 50% on the excavation alone
- contributes significantly to LEED points for project certification
- can use any type of facade to blend into the project or neighborhood
- true redundancy and unprecedented uptime – no single machine failure will ever result in the system being inoperable
So, if your land costs for your project are $80 to $100 per square foot, save money with Robotic Parking Systems.