noun
A designated area or spot for parking a vehicle.
このアパートには駐車スペースが二台分あります。
This apartment has two parking spaces.
駐車場 is a parking lot or larger parking area, while 駐車スペース refers to an individual parking spot or a small designated space.
Compound of 駐車 (parking) and スペース (space), a straightforward modern loanword hybrid.