How Apartment Owners Should Navigate Shared Retail Parking

Except in the densest cities, parking is a key amenity for most retailers and renters. Combine the two—as mixed-use communities do—and parking can become a challenge. Gary Glick, a partner with Cox, Castle & Nicholson, has a handful of tips for apartment owners to tackle parking provisions in retail leases.

First, it is important to note that apartment parking structures look much different than those attached to shopping centers. “As opposed to most shopping centers, the parking in a multi-family project is usually within a structure and gated,” Glick tells GlobeSt.com. “In most cases it is subterranean. The residential parking spaces are typically segregated from the retail parking spaces.”