Demand Based Parking Meter Rate Setting
What is demand based parking meter rate setting?
Beginning in the Summer of 2017, the Parking Authority of Baltimore City started using demand for parking spaces to determine the hourly parking meter rate on blocks in the Central Business District. Using data collected every six months, the Parking Authority will adjust rates to help create one or two available parking spaces on each block, making it easier for parkers to find parking downtown and spend more time enjoying Baltimore.
What's the goal?
To reach our goal of one or two available parking spaces per block (15-25% availability; or 75-85% occupancy), we must use the right rate - the lowest rate that will regularly produce one or two available parking spaces on each block face.
How does it work?
Data will be collected and analyzed every six months to determine the average occupancy rate on each block. Meter rates will be adjusted incrementally and slowly. Rates will be adjusted up or down in $0.25 increments no more than once every six months.
- If occupancy is higher than 85% in a particular block, the rate will go up.
- If occupancy is lower than 75% in a particular block, the rate will go down.
- If occupancy is between 75% and 85%, the rate will not change
Other cities with demand based pricing:
Central Business District
Data collected in the last six months found the following:
- On 23% of blocks, the rate should go down $0.25
- Average occupancy rates on these blocks were below 75% (too low)
- On 41% of blocks, the rate should go up $0.25
- Average occupancy rates on these blocks were above 85% (too high)
- On 36% of blocks, the rate should not change
- Average occupancy rates on these blocks were between 75% and 85% (just right)
Before demand based parking meter rate setting was implemented, rates in the CBD were all $2.00 per hour.