News Summary
Atlanta is experiencing a significant rise in parking fees as landlords adapt to economic pressures. With interest rates and construction costs climbing, more businesses are introducing fees for parking spaces to bolster their income. Notable increases have been reported, with reserved spaces rising by 9.2% and unreserved spaces by 4.7%. Residents are concerned about the impact of these changes on local businesses and the long-standing tradition of free parking. As the demand evolves, landlords are faced with balancing profitability and community expectations.
Atlanta’s Parking Fees on the Rise: A New Trend Sparks Change!
If you’re a resident or worker in Atlanta, you might have noticed a shift in how you park your car. Yes, it’s true! The city’s landlords are making some big changes, and those free parking spaces might not be so free anymore. As more companies feel the pinch from economic pressures, many are turning to parking fees to keep their businesses afloat.
What’s Behind the Shift?
With interest rates climbing, construction costs soaring, and vacant office spaces littering the skyline, landlords are getting creative to generate the income they need. One major strategy? Charging for parking. As Alan Joel, an Atlanta-based investor, pointed out, many office buildings just aren’t raking in enough cash. That’s where parking fees come into play, helping to fill the income gap.
The Numbers Speak for Themselves
According to a recent report, parking rates in Atlanta’s prime office towers have jumped. Reserved spaces have seen a hefty increase of 9.2%, while unreserved spots aren’t far behind with a 4.7% rise. In a city where parking has always been part of the charm, some residents are raising an eyebrow at these changes.
To paint a clearer picture, let’s look at the data from Parkopedia. Between 2019 and 2022, Atlanta’s two-hour parking rate shot up by a whopping 149% from $3.84 to $9.56! That’s a significant jump any way you slice it.
Transformations in Notable Locations
A Shift in Suburban Policies
The New Normal?
Concerns in the Community
A Balancing Act for Landlords
Examples of Adapting Practices
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Additional Resources
- Atlanta News First
- TripSavvy: Hartsfield-Jackson Airport Parking
- WSB TV: DeKalb County Parking Changes
- Upgraded Points: Hartsfield-Jackson Review
- Google Search: Atlanta parking fees
Author: STAFF HERE ATLANTA WRITER
The ATLANTA STAFF WRITER represents the experienced team at HEREAtlanta.com, your go-to source for actionable local news and information in Atlanta, Fulton County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as vibrant music festivals like Shaky Knees and Music Midtown, major cultural celebrations including Dragon Con and the Atlanta Film Festival, and iconic sporting events like the Peachtree Road Race. Our coverage extends to key organizations like the Metro Atlanta Chamber of Commerce and the Atlanta Convention & Visitors Bureau, plus leading businesses in logistics, beverages, and retail that power the local economy such as Delta Air Lines, The Coca-Cola Company, and The Home Depot. As part of the broader HERE network, including HEREAugusta.com and HERESavannah.com, we provide comprehensive, credible insights into Georgia's dynamic landscape.
