Parkway Corporation
- Company typePrivate
- Founded1920
- HeadquartersPhiladelphia, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
Parkway Corporation firmographics
Firmographics- Name
- Parkway Corporation
- Legal name
- Parkway Corporation
- Website
- https://parkwaycorp.com
- Company type
- Private
- Founded year
- 1920
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Ownership category
- akta.pro rank
Parkway Corporation industry classification
Industry- Product category
- Parking Operations & Commercial Real Estate
- NAICS
- Parking Lots and Garages (81293), Parking Lots and Garages (812930)
- SIC
- Services-Automotive Repair, Services & Parking (7500), Transportation Services (4700)
- akta.pro primary industry
- Parking Facility Operations (Garages, Lots, On-/Off-Street) (BPABAKAA)
- akta.pro secondary industries
- Parking Facilities Property Management (BPAJAGAN), Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB), Parking Asset Management & Facility Services (Cleaning, Security, Staffing, Maintenance) (TLAJAIAG)
Keywords
Where Parkway Corporation is headquartered
LocationHeadquarters
- HQ city
- Philadelphia
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Parkway Corporation business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Hourly/Daily Parking Fees: Hourly and daily parking rates at owned and managed parking facilities across multiple cities. Variable pricing based on location, with rates ranging from $2 to $48 per visit as shown on the Find Parking page.
- Monthly Parking Subscriptions: Monthly parking subscription programs through ParkerBill platform for regular commuters and office workers requiring convenient parking near their destinations.
- Airport Ground Transportation Management: Fee collection services for commercial ground transportation vehicles at Philadelphia International Airport, managing taxis, limousines, ride-sharing, and shuttle buses.
- Commercial Real Estate Leasing: Office, retail, and hospitality space leasing through developed properties including the Chubb Center at 2000 Arch Street, 2222 Market, and other mixed-use developments in their portfolio.
- Property Management Services: Management of acquired and developed real estate assets including parking facilities converted to office, hospitality, retail, and multi-family developments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Hourly parking rates vary by location |
| Subscription | Monthly | Monthly parking subscriptions |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels8 records
Parkway Corporation product offering
Product offeringCore offering
Parkway Corporation operates and manages parking facilities (surface lots and garages) across 10+ U.S. markets, providing hourly, daily, and monthly parking services. The company also develops and leases commercial real estate including office, hospitality, retail, and multi-family properties, while providing specialized airport ground transportation management services at Philadelphia International Airport using AVI technology.
Product overview
Parkway Corporation operates as a parking and real estate investment company offering a unified platform combining parking operations, real estate development, and technology-driven services. The core offering consists of parking facility management (surface lots and garages) across 10+ U.S. markets, supplemented by real estate acquisition and development of office, hospitality, retail, and multi-family properties. Technology features include touchless digital parking with License Plate Recognition, cloud-based management, EV charging infrastructure, and app-based reservations. ParkerBill provides monthly parking subscriptions while ParkWhiz integration enables hourly/daily reservations. Recent development projects like the Chubb Center (2000 Arch Street) showcase their real estate capabilities, while the airport ground transportation management division demonstrates specialized operational expertise.
Differentiator
Problem solved
Functional benefit
Brands
- Parkway Airport Services: Ground transportation management services at Philadelphia International Airport including taxi, limousine, ride-sharing, and shuttle bus management with AVI technology solutions.
Products and services
- Parking Operations
- ParkerBill Monthly Parking
- Airport Ground Transportation Management
- Real Estate Development
- Chubb Center at 2000 Arch Street
- EV Charging Services
Quantifiable outcome
- 1,250+ new jobs created through Chubb Center development in Philadelphia
- +2 more outcomes
Companies that use Parkway Corporation
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles3 records
Parkway Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability3 records
Feature6 records
Parkway Corporation partnerships and signals
Strategic signalPartnerships
24 partnerships are on record, tiered core, minor and flagship.
- United Way of Greater PhiladelphiacoreLong-standing charitable partner; Parkway supports the annual United Way Campaign and employees participate in Days of Caring and other service projects. United Way is part of Parkway's Parkway Cares Campaign launched in 2024.
- Philadelphia Mural ArtsminorPartnership supporting public art initiatives in Philadelphia communities where Parkway operates.
- Laura Waring Elementary SchoolminorEducational partnership supporting local elementary school through donations and community engagement programs.
- Thomas K. Finletter Elementary SchoolminorEducational partnership supporting Thomas K. Finletter Elementary School through Parkway Cares Campaign initiatives.
- The African-American MuseumminorCultural institution partnership supporting African-American heritage and education in Philadelphia.
- Reading Terminal MarketminorPartnership with historic Reading Terminal Market, a major Philadelphia attraction and food destination.
- Pennsylvania BalletminorArts and cultural partnership supporting Pennsylvania Ballet's operations and community programs.
- Academy of MusicminorCultural partnership supporting Philadelphia's historic Academy of Music.
- Walnut Street TheatreminorPartnership with Walnut Street Theatre, one of America's oldest theatres, located near Parkway parking locations.
- Police Athletic LeagueminorCommunity partnership supporting Police Athletic League programs for youth in Philadelphia.
- Tech ImpactminorTechnology-focused nonprofit partnership supporting Tech Impact's programs.
- Coded By KidsminorPartnership supporting Coded By Kids' mission to provide coding education to underserved youth.
- Fairmount Park ConservancyminorEnvironmental partnership supporting Philadelphia's parks and green spaces through Fairmount Park Conservancy.
- ChubbflagshipChubb is the anchor tenant at 2000 Arch Street (Chubb Center), Parkway's flagship 18-floor, 550,000-square-foot LEED Platinum office development. Chubb committed to creating 3,200 positions in Pennsylvania as part of this partnership, making it their largest North American office.
- Turner ConstructioncoreGeneral contractor for Chubb Center development; partnership enabled aggressive, fast-track construction schedule for the 2000 Arch Street project.
- L2P/StanteccoreArchitectural design firm for Chubb Center at 2000 Arch Street; partnership with same firm as tenant allowed for more aggressive construction timeline.
- Harris Blitzer Sports & EntertainmentminorDonated storefront upgrades on 900 block as part of Market East corridor revitalization ahead of 2026 World Cup and Semiquincentennial.
- ComcastminorDonated storefront upgrades on 900 block as part of Market East corridor revitalization; partnership with Center City District for 2026 World Cup preparations.
- Fashion District PhiladelphiaminorDonated storefront upgrades as part of Market East revitalization; partnership supporting Philadelphia's major shopping destination near Parkway parking facilities.
- Metro CommercialcoreLeasing broker representing Parkway properties including Chubb Center at 2000 Arch Street and 2200 Market Retail.
- Square RCcoreLeasing broker representing Parkway's 1219 Filbert Retail property and other commercial spaces.
- Hello MSCcoreLeasing broker representing 2222 Market Retail property in Parkway's commercial portfolio.
- ParkWhizcoreTechnology partnership for advance parking reservations, particularly for major events including 2026 FIFA World Cup Fan Festival at Lemon Hill Park with walkable and shuttle options.
- UberminorRecognition partner; Uber awarded Parkway the 2021 and 2022 Uber Innovation Awards for excellence in ground transportation management at Philadelphia International Airport.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Parkway Corporation competitors and assessment
Company assessmentEmerging players
- ParkMobile: App-based parking payment and reservation platform used widely by municipalities and operators; an adjacent competitor and potential partner for Parkway's digital parking experience.
- Citizens Parking: US parking operator providing managed parking services in mid-Atlantic and East Coast urban markets that overlap with Parkway's Philadelphia-centric footprint.
- SpotHero: Digital parking marketplace that connects drivers to parking inventory across operators; competes with Parkway indirectly by controlling digital demand and reservation pricing for many of Parkway's competitors.
- Keystone Property Group: Philadelphia-area commercial real estate firm engaged in mixed-use development and parking properties that overlap with Parkway's real estate development and Class A office exposure in the same geography.
Direct peers
- SP+ Corporation: Large US parking operator (now part of ABM Industries) operating thousands of parking garages and lots across urban and airport markets with similar facility-management, technology, and valet offerings as Parkway's parking division.
- LAZ Parking: Privately held national parking operator serving urban, hospital, university, and airport markets with comparable services including monthly parking, valet, and technology-enabled parking management.
- Impark: North American parking management company operating thousands of parking facilities with parallel offerings in monthly and transient parking, EV charging, and shuttle/ground transportation services.
Broad incumbents
- ABM Industries: Public facilities-services conglomerate whose integrated parking and transportation business offers similar parking operations, shuttle, and airport ground transportation services to corporate, airport, and commercial real estate clients nationwide.
Regional players
- Brandenburg Industrial Service Company: Mid-Atlantic real estate and parking services company with overlapping Philadelphia presence and diversified property services similar to Parkway's combination of parking and commercial real estate operations.
- PREIT: Philadelphia-based real estate investment trust focused on retail and mixed-use properties; comparable as a Philadelphia real estate operator that co-locates parking and commercial uses similar to Parkway's portfolio strategy.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Parkway Corporation social profiles
Digital presenceParkway Corporation compliance and trust
Trust signalCompliance2 records
Parkway Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Parkway Corporation leadership team
Management profileNumber of profiles
Profiles15 records
Parkway Corporation subsidiaries and ownership
Company hierarchySubsidiaries1 record
Parkway Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Parkway Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Parkway Corporation
What does Parkway Corporation do?
Parkway Corporation operates and manages parking facilities (surface lots and garages) across 10+ U.S. markets, providing hourly, daily, and monthly parking services. The company also develops and leases commercial real estate including office, hospitality, retail, and multi-family properties, while providing specialized airport ground transportation management services at Philadelphia International Airport using AVI technology.
Is Parkway Corporation a public or private company?
Parkway Corporation is a private company. It is classified as family owned and is currently operating.
When was Parkway Corporation founded?
Parkway Corporation was founded in 1920. It employs 501 to 1,000 people.
Where is Parkway Corporation based?
Parkway Corporation is headquartered in Philadelphia, United States, in the North America region.
How does Parkway Corporation make money?
Five revenue lines are on record. Hourly/Daily Parking Fees are the primary driver. The others are monthly Parking Subscriptions, airport Ground Transportation Management, commercial Real Estate Leasing and property Management Services.
Who are Parkway Corporation's main competitors?
Emerging players on record are ParkMobile, Citizens Parking, SpotHero and Keystone Property Group. Direct peers are SP+ Corporation, LAZ Parking and Impark. ABM Industries is listed as a broad incumbent. Regional players are Brandenburg Industrial Service Company and PREIT.
Does Parkway Corporation have an API?
No public API is recorded for Parkway Corporation.
What industry is Parkway Corporation in?
Parkway Corporation's product category is Parking Operations & Commercial Real Estate. Its primary akta.pro industry code is BPABAKAA, Parking Facility Operations (Garages, Lots, On-/Off-Street), with a secondary code of BPAJAGAN, Parking Facilities Property Management. Its NAICS code is 81293 and its SIC code is 7500.