Cambridge Long Term Parking for City Centre Tenants: Boosting Appeal

Why Parking Is a Premium in Cambridge’s City Centre

Cambridge long term parking city centre options are scarce, making them one of the most sought-after amenities for tenants. Limited on-street availability, strict permit regulations, and high permit costs create a competitive environment where secure parking is a major differentiator.

Options for Securing Long-Term Parking

Landlords have several strategies to add parking to their rental offer. Leasing a private space from a neighbouring property owner can provide dedicated access without altering existing layouts. Partnering with commercial car parks offers professional security and maintenance. Shared parking arrangements within a residential block can also be negotiated, often on a first-come, first-served basis.

Impact of Parking on Rent and Tenant Retention

Including parking in a Cambridge city centre rental can significantly increase a property’s appeal, leading to higher willingness to pay and longer tenancies. Professionals, in particular, value the convenience and security, often prioritising properties with guaranteed parking over cheaper alternatives without it.

Cambridge Stays’ Approach to Adding Value with Parking

Cambridge Stays has helped landlords boost yields by adding long-term parking solutions. In one case, securing a leased private space allowed a landlord to increase rent by 8% while attracting a high-quality professional tenant who committed to a three-year lease.

Get Your Free Parking ROI Analysis

Find out how adding parking can increase your rental income and tenant retention.

Request Your Analysis today with Cambridge Stays.