Selling Reserved Parking Spots

[Brian Schmelzlen]

I am looking at different value-add opportunities for potential office building investments, and I am curious if anyone has tried selling "reserved parking spots" to tenants?  I would keep a certain percentage of the parking lot available for general parking.

Do tenants like having reserved spots?  If so, do they tend to like it enough to pay for it?

When you do sell reserved spots, do you include it in the lease or have it available as a monthly (or annual) add-on?