Urban spaces are highly valued, as the demand is disproportionate to the limited supply. In recent decades urban areas have witnessed a surge in vehicle ownership, which has led to congestion on streets, increased emissions and fall in transit ridership. Parking is an integral part of every vehicle trip but unless managed carefully, it can lead to inefficient utilization of prime space. Parking characteristics (space dimensions, time requirements) of passenger vehicles and freight vehicles are different. The objective of the current study is to understand the freight vehicle parking demand and its characteristics in a dense commercial area in Chennai and develop a parking management plan for the same. It aims to quantify the impact of irregular parking of freight vehicles by using a simulation tool, supplemented by data from field studies. A holistic proposal for freight vehicle parking is presented after evaluating the potential benefits.