Edison ParkFast
- Company typePrivate
- Founded1956
- HeadquartersNewark, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What Edison ParkFast does
Edison ParkFast is the parking-operations subsidiary of Edison Properties, a privately held New York-based real estate company. Founded in 1956 and headquartered in Newark, New Jersey, Edison ParkFast operates 35 owned parking facilities across the Greater New York and New Jersey metropolitan area. The company serves individual drivers and the general public through two revenue streams: transient/daily parking and recurring monthly subscriptions, supplemented by vehicle access passes and online reservations. Distribution is hybrid — physical facilities operated under the Edison ParkFast brand, plus a self-service digital layer for account management, payments, and vehicle registration.
The core product is the physical parking facility itself, supported by a digital account platform that includes a LeaveFast self-service kiosk/payment system, online access pass management, reservations, monthly sign-up, and vehicle management. Pricing is not publicly disclosed. As of December 2025, Edison ParkFast has entered a management contract with LAZ Parking — the largest parking, transportation, and mobility operator in North America — under which LAZ manages all 35 locations under the co-branded "LAZ at Edison ParkFast" banner while retaining the existing Edison ParkFast customer-facing team. The contract explicitly references facility upgrades and technology improvements as planned deliverables.
The go-to-market motion is direct-to-consumer at the physical point of service, augmented by organic search and digital self-serve tools on parkfast.com. The company is a subsidiary of Edison Properties (no separate funding history, no public listing, no M&A activity disclosed), with 251–500 employees distributed across the 35-site footprint. Revenue figures, per-location economics, and customer-level data are not publicly disclosed; analysis relies on scale commentary, partnership signals, and urban-parking industry benchmarks.
Edison ParkFast firmographics
Firmographics- Name
- Edison ParkFast
- Legal name
- Edison Properties
- Website
- https://parkfast.com
- Company type
- Private
- Founded year
- 1956
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Ownership category
- akta.pro rank
Edison ParkFast industry classification
Industry- Product category
- Parking Services
- NAICS
- Parking Lots and Garages (812930), Parking Lots and Garages (81293)
- SIC
- Services-Automotive Repair, Services & Parking (7500), Services-Facilities Support Management Services (8744)
- akta.pro primary industry
- Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride) (TLAJAIAB)
- akta.pro secondary industries
- Parking Facility Operations (Garages, Lots, On-/Off-Street) (BPABAKAA), Parking Facilities Property Management (BPAJAGAN), Parking Management & Enforcement (Citations, Permits, Compliance) (BPABAKAB)
Keywords
Where Edison ParkFast is headquartered
LocationHeadquarters
- HQ city
- Newark
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Edison ParkFast business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Parking Services: Revenue generated from parking services at 35 locations across New York and New Jersey, including both transient/daily parking and monthly subscription services.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
Edison ParkFast product offering
Product offeringCore offering
Edison ParkFast operates 35 owned parking facilities across the Greater New York metropolitan area (New York and New Jersey), providing both transient/daily parking and recurring monthly parking subscriptions to individual drivers. Service delivery is supported by a digital account management platform covering access passes, reservations, vehicle registration, and monthly sign-ups, plus the LeaveFast self-service kiosk system for in-facility payment and vehicle retrieval. Since December 2025, on-site operations have been managed by LAZ Parking under the co-branded 'LAZ at Edison ParkFast' brand.
Product overview
Edison ParkFast is a premier parking company operating 35 locations across Greater New York. Following a December 2025 partnership with LAZ Parking, the service is now branded as 'LAZ at Edison ParkFast', combining local care with expanded resources. The company offers self-service parking through its LeaveFast system, plus online account management including access passes, reservations, monthly subscriptions, and vehicle management. The core offering is the physical parking facility service, supported by digital tools for account management and self-service transactions.
Differentiator
Problem solved
Functional benefit
Products and services
- Edison ParkFast (Daily/Transient Parking) Core parking service at 35 Edison-owned facilities across New York and New Jersey, providing transient/daily parking for individual drivers in the Greater New York metropolitan area.
- Monthly Parking Subscriptions
Companies that use Edison ParkFast
Customer profileSegments1 record
Ideal customer profiles1 record
Edison ParkFast technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Edison ParkFast partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- LAZ ParkingcoreLAZ Parking has been awarded a contract to manage parking services for Edison Properties' 35 locations in New York and New Jersey. The partnership includes a range of management services and plans for technology upgrades, marking a significant expansion for LAZ in the region. LAZ is the largest parking, transportation, and mobility company in North America, founded in 1981. The partnership combines LAZ's scale and expertise with the local care and commitment associated with Edison ParkFast.
Scale indicators1 record
Recent moves3 records
Expansion highlights4 records
Edison ParkFast competitors and assessment
Company assessmentDirect peers
- LAZ Parking: North America's largest parking, transportation, and mobility company. Directly comparable because it now operates Edison ParkFast's 35 locations under a management contract and runs thousands of similar garage/lot facilities across major US metros.
- Icon Parking: Large New York City-focused parking operator with a dense Manhattan garage footprint. Directly comparable because it competes head-to-head with Edison ParkFast for the same NYC transient and monthly parking customers.
- Impark: North American parking management company operating thousands of facilities across the US and Canada. Directly comparable as a multi-market parking operator competing for institutional and municipal contracts.
- Premium Parking: US parking management and operator with a growing urban garage portfolio. Directly comparable as a competitor in the same asset-light management and operations model for off-street parking facilities.
- SP+ Corporation: Major US parking operator providing facility management, leasing, and maintenance for garages and lots. Directly comparable as a multi-market operator competing for the same urban parking contracts and customers.
- Champion Parking: New York City parking operator with multiple garage locations across Manhattan. Directly comparable as another NY-focused operator serving similar transient and monthly subscribers in the same downtown corridors.
Broad incumbents
- ABM Industries: Large facilities services provider that includes parking and transportation services as part of a broader portfolio spanning janitorial, HVAC, and integrated building services. Comparable as a much larger incumbent offering overlapping parking capabilities.
Emerging players
- SpotHero: Tech-enabled parking aggregation marketplace that drives transient demand to partner garages including operators in NYC. Comparable as an emerging channel partner/disruptor shaping how drivers find and price-compare parking at facilities like Edison ParkFast's.
- ParkMobile: Digital parking payments and reservation platform active across major US metros. Comparable as a tech-driven player enabling the same contactless, reservation, and access-pass workflows Edison ParkFast now offers through its online account system.
- Metropolis: AI- and computer-vision-driven parking and mobility platform serving urban garages. Comparable as an emerging technology provider whose computer-vision-based checkout could be deployed across Edison ParkFast's facilities under the LAZ partnership.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Edison ParkFast social profiles
Digital presenceEdison ParkFast financial estimates
Financial estimateRevenue estimate
Valuation estimate
Edison ParkFast leadership team
Management profileNumber of profiles
Edison ParkFast funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Edison ParkFast 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 Edison ParkFast
What does Edison ParkFast do?
Edison ParkFast operates 35 owned parking facilities across the Greater New York metropolitan area (New York and New Jersey), providing both transient/daily parking and recurring monthly parking subscriptions to individual drivers. Service delivery is supported by a digital account management platform covering access passes, reservations, vehicle registration, and monthly sign-ups, plus the LeaveFast self-service kiosk system for in-facility payment and vehicle retrieval. Since December 2025, on-site operations have been managed by LAZ Parking under the co-branded 'LAZ at Edison ParkFast' brand.
Is Edison ParkFast a public or private company?
Edison ParkFast is a private company. It is classified as corporate owned and is currently operating.
When was Edison ParkFast founded?
Edison ParkFast was founded in 1956. It employs 251 to 500 people.
Where is Edison ParkFast based?
Edison ParkFast is headquartered in Newark, United States, in the North America region.
How does Edison ParkFast make money?
One revenue line is on record: parking Services.
Who are Edison ParkFast's main competitors?
Direct peers on record are LAZ Parking, Icon Parking, Impark, Premium Parking, SP+ Corporation and Champion Parking. ABM Industries is listed as a broad incumbent. Emerging players are SpotHero, ParkMobile and Metropolis.
Does Edison ParkFast have an API?
No public API is recorded for Edison ParkFast.
What industry is Edison ParkFast in?
Edison ParkFast's product category is Parking Services. Its primary akta.pro industry code is TLAJAIAB, Off-Street Parking Facilities Operations (Garages, Lots, Park-and-Ride), with a secondary code of BPABAKAA, Parking Facility Operations (Garages, Lots, On-/Off-Street). Its NAICS code is 812930 and its SIC code is 7500.