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<br />. Previous parking studies have shown that there is virtually no correlation between the square <br />footage of a store and its resultant peak parking demand. <br /> <br />. Ifusing square footage to predict parking needs, a rate of one parking space per 600 square <br />feet could be applied to new Contractors' Warehouse stores that will be located in shopping <br />centers, and a rate of one parking space per 960 square feet could be applied to new stores <br />that will be located in industrial areas. If only one rate is to be used, it should be the <br />maximum rate observed: one parking space would be required for every 600 square feet of <br />the building in order to provide enough parking for the peak parking demand at all types of <br />stores on the 5th busiest day of the year. <br /> <br />. Previous parking studies have shown that the number oftransactions and/or the amount of <br />annual sales are better predictors of parking demand than square footage. For example, if <br />there are two stores of identical size, the store with more customer traffic (and therefore <br />sales) will have a higher parking demand than the store with fewer customers. <br /> <br />. The resultant parking ratios ranged from 2,738 annual transactions per required parking <br />space at the Montebello store to 1,915 annual transactions per required parking space at the <br />Pomona store. <br /> <br />. The average transaction rate is 2,327 annual transactions per required parking space. Using <br />the average rate would over-estimate the parking needed for lower performing stores and <br />under-estimate the parking needed for higher performing stores, and therefore is not <br />recommended. <br /> <br />. It is recommended that the different rates be used according to the store location type. <br />Specifically, a rate of one parking space per 1,915 annual transactions could be applied to <br />new Contractors' Warehouse stores that will be located in shopping centers, and a rate of one <br />parking space per 2,740 annual transactions could be applied to new stores that will be <br />located in industrial areas. <br /> <br />. More store locations would need to be studied in order to refine these rates and/or calculate a <br />more robust average rate for both store types. <br /> <br />. It is important to note that the rates detailed above do not predict the additional amount of <br />parking needed to provide cart storage, sales displays, and storage of store merchandise and <br />equipment. The additional parking spaces required for these uses must be estimated and <br />added to the parking demand predicted by the equations in order to arrive at the total number <br />of parking spaces to build. <br /> <br />. The predicted parking demand should be increased by one parking space to account for stray <br />carts that may take a parking space out of service for a short time. <br /> <br />. The number of parking spaces that will be used to display merchandise and/or stockpile <br />merchandise and equipment must be decided upon on a store-by-store basis (or by a <br />corporate-wide decision) and then added to the predicted parking demand. <br /> <br />Parking Study of Two Contractors Warehouse Stores - Final Report <br /> <br />Page f 5 <br /> <br />A-23 <br /> <br />31A-41 <br />