NAICS 812930 Quarterly Industry Report
Parking Lots and Garages
Comprehensive industry research for valuation professionals, business owners, buyers, and lenders
NAICS Code: 812930Sector: Other Services (except Public Administration) (81)Updated: Q1 2026
About This Report
This industry profile for Parking Lots and Garages (NAICS 812930) draws on data from the U.S. Census Bureau[8], Bureau of Labor Statistics[9], and SBA size standards database[6]. Published by Fair Market Value and updated quarterly, it provides valuation professionals, real estate analysts, and parking industry investors with current market data. All quantitative claims are sourced to publicly verifiable databases.
Industry Snapshot
Key metrics for the parking lots and garages industry.
NAICS Sector
81
Other Services (except Public Administration)
Industry Definition & Overview
Parking Lots and Garages (NAICS 812930) encompasses establishments primarily engaged in providing parking space for motor vehicles, usually on an hourly, daily, or monthly basis, and/or providing valet parking services per the U.S. Census Bureau[5]. Activities include surface parking lot operation, multi-level parking garage management, valet parking services at hotels and restaurants, monthly and annual parking permit programs, airport parking facilities, event parking operations, and automated parking system management.
Parking operations range from single surface lots to multi-story garages serving downtown commercial districts, airports, hospitals, and entertainment venues. Reimagined Parking, formed through the merger of Impark, Lanier, Republic, AmeriPark, and Park One, operates over 3,400 facilities across 500 North American cities. Technology has transformed parking management through mobile payment apps, license plate recognition systems, dynamic pricing algorithms, and sensor-based space availability displays that improve customer experience and maximize revenue per space. Real estate economics drive industry profitability, with parking facilities generating income from land parcels that property owners develop for parking rather than building construction. Electric vehicle charging infrastructure has created new revenue opportunities as parking operators install EV charging stations that generate electricity sales alongside parking fees. Urban parking demand varies with office occupancy, event schedules, and retail activity, while airport and hospital parking maintains more consistent usage patterns.
Per the SBA Table of Size Standards[6], the size standard is $47 million in average annual receipts. OSHA[7] general industry standards apply to parking attendant safety including vehicle movement hazards, confined space ventilation in enclosed garages, and pedestrian traffic management in mixed-use parking environments.
What's Included in This Industry
- Surface parking lot operation
- Multi-level parking garage management
- Valet parking services
- Monthly and annual parking permit programs
- Airport parking facilities
- Event and venue parking operations
- Automated parking system management
- Electric vehicle charging station operation
- Mobile payment and app-based parking
- Parking validation and merchant programs
NAICS Classification Hierarchy
| Level | Description | Code |
|---|---|---|
| Sector | Other Services (except Public Administration) | 81 |
| Subsector | Personal and Laundry Services | 812 |
| Industry Group | Other Personal Services | 8129 |
| NAICS Industry | Parking Lots and Garages | 81293 |
| National Industry | Parking Lots and Garages | 812930 |
Related NAICS Codes
| Code | Description | Relationship |
|---|---|---|
| 485320 | Limousine Service | Limousine Service and Other Scheduled Transportation provides ground transportation services that complement parking operations, with valet and shuttle services at airports, hotels, and event venues connecting parking facilities to final customer destinations |
| 812990 | All Other Personal Services | All Other Personal Services shares the NAICS 812 personal services sector classification with parking, with both industries providing consumer convenience services in urban commercial environments |
| 524210 | Insurance Agencies and Brokerages | Insurance Agencies and Brokerages provides garagekeepers liability and commercial property coverage for parking operations, with insurance requirements reflecting vehicle damage exposure and premises liability risks inherent in parking facility operations |
| 812310 | Coin-Operated Laundries and Drycleaners | Coin-Operated Laundries and Drycleaners shares the self-service consumer model with parking operations, with both industries operating facilities that generate revenue from customer access to equipment or space on a pay-per-use basis |
| 561612 | Security Guards and Patrol Services | Security Guards and Patrol Services provides security staffing for parking garages and lots, with security service contracts covering attendant safety, vehicle theft prevention, and customer protection in parking facility environments |
Geographic Concentration
Top states by share of national establishments.
| # | State | % Est. | Total Est. |
|---|---|---|---|
| 1 | California | 22.4% | 2,678 |
| 2 | New York | 12.4% | 1,481 |
| 3 | Florida | 8.2% | 975 |
| 4 | Texas | 5.5% | 658 |
| 5 | Massachusetts | 5.2% | 619 |
| 6 | Illinois | 4.2% | 498 |
| 7 | Ohio | 3.8% | 449 |
| 8 | District of Columbia | 3.5% | 413 |
| 9 | Pennsylvania | 3.1% | 373 |
| 10 | Georgia | 3.1% | 368 |
% Of Establishments
0%
22%
Source: County Business Patterns, U.S. Census Bureau[3]
SBA Lending Summary
112
Total SBA Loans
$43.3M
Total Loan Volume
$387K
Average Loan Size
12 yrs
Average Loan Term
11.05%
Average Interest Rate
840
Jobs Supported
Source: SBA 7(a) Program Data, U.S. Small Business Administration — FY 2025[4]
Key Insight: Per the SBA Table of Size Standards[6], Parking Lots and Garages (NAICS 812930) has a size standard of $47 million in average annual receipts for federal contracting purposes. SBA lending programs[10] support facility construction, payment technology, and EV charging infrastructure for qualifying parking businesses. Eligible businesses can access SBA 7(a) loans[11] for working capital, equipment, and acquisition financing, while 504 loans[12] support major fixed-asset purchases including real estate and heavy machinery.
Top SBA Lenders
| # | Lender | Loans | Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Cogent Bank | 8 | $11.2M | $1.4M |
| 2 | Harvest Small Business Finance, LLC | 8 | $9.8M | $1.2M |
| 3 | Northwest Bank | 16 | $9.2M | $574K |
| 4 | BancFirst | 8 | $4.5M | $563K |
| 5 | Lendistry SBLC, LLC | 16 | $3.4M | $215K |
Frequently Asked Questions
Common questions about this industry.
What is the NAICS code for parking garages?
NAICS 812930 covers parking lots and garages providing paid parking spaces, valet services, and monthly permit programs per the U.S. Census Bureau[5].
What is the SBA size standard?
Per the SBA size standard[6], the threshold is $47 million in average annual receipts for federal small business contracting eligibility and SBA lending products for parking lot and garage businesses.
Who are the largest parking operators?
Reimagined Parking operates over 3,400 facilities across 500 North American cities per Census Bureau[8] industry concentration data, with other major operators managing portfolios of airport, hospital, commercial, and event parking facilities.
How has technology changed parking operations?
Mobile payment apps, license plate recognition systems, dynamic pricing algorithms, and sensor-based space availability displays have transformed parking management per SBA[13] technology guidance, improving customer experience while maximizing revenue per available space.
How are EV charging stations affecting parking?
Electric vehicle charging infrastructure has created new revenue streams for parking operators who install charging stations generating electricity sales alongside parking fees, with EV charging demand growing as electric vehicle adoption increases in urban markets.
What types of parking facilities generate the most revenue?
Airport parking and downtown commercial garages typically generate the highest per-space revenue per Bureau of Labor Statistics[9] industry data, with dynamic pricing during peak periods and monthly permit programs providing consistent income from high-demand locations.
What safety regulations apply to parking facilities?
OSHA[7] general industry standards address vehicle movement hazards for parking attendants, carbon monoxide ventilation requirements in enclosed garages, fall protection on multi-level structures, and pedestrian safety in mixed-use traffic environments.
What is dynamic parking pricing?
Dynamic pricing adjusts parking rates in real time based on occupancy levels, event schedules, and demand patterns, with higher rates during peak periods and lower rates during off-peak hours to maximize revenue and manage facility capacity per Census Bureau[8] service industry trend data.
Sources & References
Government datasets and editorial sources used in this report.
- [1]U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages bls.gov
- [2]U.S. Census Bureau, Economic Census census.gov
- [3]U.S. Census Bureau, County Business Patterns census.gov
- [4]U.S. Small Business Administration, SBA 7(a) Loan Program Data data.sba.gov
- [5]U.S. Census Bureau census.gov
- [6]SBA Table of Size Standards sba.gov
- [7]OSHA osha.gov
- [8]U.S. Census Bureau data.census.gov
- [9]Bureau of Labor Statistics bls.gov
- [10]SBA lending programs sba.gov
- [11]SBA 7(a) loans sba.gov
- [12]504 loans sba.gov
- [13]SBA sba.gov
Disclaimer
This publication has been prepared by Fair Market Value (“Fair Market Value”) for informational purposes only. It is provided on an “as-is” and “as available” basis. Fair Market Value makes no representations or warranties, express or implied, regarding the merchantability, fitness for a particular purpose, completeness, or accuracy of the data or information contained herein. This publication is not intended to be, and should not be construed as, professional financial, legal, tax, or investment advice. Users should consult with qualified professionals before making any financial or business decisions based on the information presented.
To the extent permitted by law, Fair Market Value disclaims all liability for loss or damage, direct and indirect, suffered or incurred by any person resulting from the use of, or reliance upon, the data in this publication.
Copyright © 2026 Fair Market Value. All rights reserved. All data, information, articles, graphs, and content contained in this publication are copyrighted works and Fair Market Value hereby reserves all rights. No part of this publication may be copied, reproduced, republished, uploaded to a third party, or distributed without the prior written permission of Fair Market Value.