One more parking space

At Amy Bush Commercial, we are known to be experts in Office Condominiums. There are a lot of aspects of Office Condominiums – common areas, regulations, property taxes, insurance, maintenance – but the one topic that is often at the top of everyone’s list is parking.  Parking can often be a Tragedy of the Commons. Everyone would like to use “just one more space” for their business since it is a shared resource. That works great, up to a point.  If everyone uses those extra spaces, then there no more spaces left.

Fortunately at Amy Bush Commercial, we represent Office Condominiums that typically do not suffer from the Tragedy of the Commons. The best way to solve this issue is for businesses to work together and come to a common agreement about what sustainable and self police. The cities of Raleigh and Cary both have a long traditions of parking regulations, so that helps as well.  Finally, the Condominium Associations in the area do a wonderful job of arbitrating disputes.

Different businesses have different peak parking needs and when we help you with buying or leasing an Office Condominium, we work with your usage and the resources of the property to insure a good match.

As for the regulations, in Raleigh, office space is required to have one parking space per 400 sq.ft. with medical usage requiring one space per 300 sq.ft.    Amy Bush Commercial hasn’t leased a bowling alley yet, but we have noted that the parking requirements there are for five spaces per lane!

We hope you summer has been relaxing and wish you a very happy Labor Day holiday.

Want to make something into a habit?   My recent goal has been to take a walk every evening after dinner.  I am a couple of weeks into this accomplishment and feeling proud of myself.   When I was, probably a bit, boastful at the office,  Anna casually mentioned to me that it takes 66 days to form a habit.

Anna is an excellent Real Estate Broker – she provides amazing customer service to our clients and is wonderful at keeping all aspects of our office organized.    But is she also an authority on achievement science?   I did a bit of googling last night (after my walk, of course) and discovered Anna knows her stuff.

The definitive research on the subject was published in this 2010 paper:  How are habits formed: Modelling habit formation in the real world,  from Phillippa Lally    There was wide variation in how long it took to form a habit, both in individual differences as well as in the difficulty of the habit.  The easiest habit was drinking water and the most challenging were exercise behaviors which took substantially longer to make habitual.  According to their study, the average time to form a habit was 66 days.

I would recommend you all to take on a new habit and see what results you encounter.  I would also recommend that you get to know Anna, in addition to receiving great support with any of your Commercial Real Estate needs, you never know what else you might learn

  • Anna Acerra, Associate Broker
  • phone: 919-349-5539
  • email: