What is a parking ratio?
A parking ratio is the number of parking spaces allocated towards the amount of square footage leased, or the amount in the building. The parking ratio is usually stated in the number of spaces per the square feet, for instance, if you have a 4 per 1,000 parking ratio, that means there are 4 parking spaces for every 1,000 square feet of space. The parking ratio requirement varies based on your use, and it can vary based from city to city, or the property type. You want to make sure that your parking ratio that is required is what the property has.