Edison ParkFast

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.

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

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

• Parking services
• Monthly parking
• Parking management
• Urban parking facilities
• Self-service parking

Headquarters

HQ city

Newark

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. 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

Core 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

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• LAZ ParkingcoreChannel Partner/ Reseller/ Distributor · 1 December 2025LAZ 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

Direct 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

• Xx.com/EdisonParkFast
• Facebookfacebook.com/EdisonParkFast
• LinkedInlinkedin.com/company/coldwell-banker-calabasas

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Edison ParkFast