Asset Management

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What are the benefits of proactive asset management, maintenance, and restoration in parking facilities?

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Today more than ever, owners need to use creative and efficient strategies to reduce costs.  As a result of the recent economic crises, owners and decision-makers carefully consider where funds are spent and evaluate ways to cut costs. Many owners are looking for opportunities to protect and maintain the parking assets they have, rather than build new facilities.

One proven, effective approach to lower costs is consistent assessment and facility maintenance of assets, including structured parking. Parking assets should be regularly examined for any signs of structural or aesthetic concerns, and should receive immediate attention when potential issues are identified. When assessment and maintenance are a high priority, owners and facility managers can readily identify and target maintenance and repair issues. Costs associated with correcting minor issues early on are significantly lower than those issues which stem from neglect and lead to more detrimental conditions and potential liability.

Technologies have improved significantly in recent years, giving operators and owners more control over the protection and preservation of their facilities, and encouraging more proactive and successful maintenance strategies.

The life of any parking structure depends upon the care it receives from its very beginning. Owners can preserve their significant investment in parking structures, lengthening the service life and preserving the overall quality of the facility. Consistent, quality maintenance is extremely important. From visual inspections during wash-downs or rainfalls to identify leaks, to a monthly review of all joints, a proactive commitment to establishing a maintenance program is the best way to ensure the long and useful life of these important assets. Proper condition appraisals, operation policies, and maintenance procedures extend the building life-cycle so that these important assets continue to operate successfully for years to come.

*Federal, State, and Local codes govern most of these requirements and should be thoroughly investigated. Data presented herein should be considered guidelines only.  For more specific information and assistance with implementation of these guidelines, please contact THA Consulting, Inc. via email at

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