Specifications include, but are not limited to: Analysis: The parking supply and demand analysis shall quantify existing and projected parking supply and demand, and the estimated surplus or shortfall in the parking supply. The study tasks include: 1. Update existing data and analyze: The existing public and private parking supply in the study area; The existing parking demand in the study area in accordance with commonly accepted principles (i.e. spaces required per square foot of floor area); The potential parking demand in the study area from development projects which have already received City permits; Current on-street parking utilization rates by hour, day and month; and Current off-street parking utilization rates by hour, day and month. 2. Estimate parking demand in the study area from construction projects (next 3 to 10 years) as provided from staff input. 3. Identify parking sub-markets in the downtown area, based on proximity to demand.
