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Benefits of Parking Lot Expansion

23, Jul

Benefits of Parking Lot Expansion

There comes a time in the life of every growing business and organization that owns real estate where a decision has to be made and look at the benefits of parking lot expansion. The question is whether to expand parking to accommodate growth or make due with the existing space.

Some owners and governing boards may try to cut costs by having an existing lot re-striped to decrease the width of each parking space. While this stingy tactic may save money in the short-term, it also sends a negative message to employees, customers, and other guests that may cost you more in the future.

Expanding A Parking Lot Is About More Than Just More Space

The obvious reason to expand your parking lot is to increase the number of spaces for those working, shopping, and visiting your space. However, there are several other reasons that can serve as perks for any business. For example, in a competitive market where fewer tenants are considering a physical location, improving your parking lot through an expansion could be the deciding factor.

Expanding your parking lot also provides the opportunity to address any drainage issues or other problems left over from prior construction work. This means no longer having to use landscaping as a band-aid or hiring personnel and contractors to clean up after every major weather event.

Parking lot expansion is a great chance to deal with runoff from any new construction or land development surrounding your location. For growing towns like Spartanburg, Gaffney, and Greenville, new projects can mean water management headaches for existing neighbors.

Growth in population also means more cars in the area, all of which need a place to park. Providing these places not only provides for the demand in your area, but can be a great opportunity to generate more revenue during off hours. If your business is located near an entertainment district, those driving to enjoy an evening out will appreciate being able to park close to the action.

Safety Should Be A Motivating Factor for Expanding A Parking Lot

As traffic increases, so do the chances of accidents. Expanding your parking lot to allow for more spaces and more room for cars to maneuver means creating a safe environment for all staff and clientele.

The first step in moving forward with a parking lot expansion is consulting with an experienced and professional contractor like Price Construction. Price Construction will help you with all the details like determining what kind of material will best suit your project. The concrete and paving services of Price Construction; which includes countless flat work concrete slabs, have proven to stand the test of time.

Call Price Construction at 864-578-1008 or use our online contact form to request more information on parking lot expansion.

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