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Sponsored by: U.S. Environmental Protection Agency and the U.S. Department of Transportation

Solve Parking Challenges and Cost

Best Workplaces Solutions

Transit/Vanpools
Allow employees to avoid single-occupancy vehicles for their commute, which reduces parking demand.

Parking Cash-Out
Uses monetary incentives to encourage employees to avoid using parking spaces, reducing parking demand.

Teleworking
Allows employees to work from home part or all of the work week, resulting in fewer employees who need to get to the office on any given day.

Providing adequate and affordable employee parking can be a problem for many U.S. companies. To accommodate employees, companies must either rent space or build their own parking lots close to the workplace, which can prove difficult or costly in areas where space is limited. One study estimates that employers in the United States spend $40 to $70 billion per year on parking for their employees—the same amount spent each year to construct and maintain all the nation's highways and bridges. Renting space also means negotiating a long-term contract that is difficult to adjust, and building new lots can have significant implications for maintenance and land management.

Charts

depicting average annual cost of surface, structure, and underground parking, and how these

parking costs compare with costs of other benefits that employers typically provide, such

as health care, sick leave and retirement benefits


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