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Fourth-quarter occupancy and revenue rise as downtown utilization ticks up, staff says
Summary
Staff reported higher occupancy and hourly revenue in Q4 FY25 compared with prior years; occupancy rose particularly at several garages and hourly revenue exceeded projections, while an increasing share of transactions remain within the free courtesy window.
Parking staff presented the fourth-quarter fiscal-year occupancy and transaction report at the July 10 Downtown Parking Committee meeting, reporting higher occupancy across many lots and stronger-than-projected hourly revenue.
Ethan Pitney, the city’s parking resource specialist, presented April–June (Q4 FY25) occupancy data compared with the same period in FY24 and FY23. Pitney said Monday–Thursday occupancy across all lots increased about 7–8% year over year, with Friday and Saturday…
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