Parking Rates Inch Up in Canada, Hold Steady in U.S.

BUILDINGS - Smarter Facilities Management

10/10/2011

Parking Rates Inch Up in Canada, Hold Steady in U.S.

 

Midtown and downtown Manhattan are the most expensive places to park in the U.S. at median monthly rates of $541 and $533, respectively, according to an annual survey of North American parking rates by Colliers International.

However, the cost of parking there and across the U.S. barely moved compared to last year, with the median monthly parking rate decreasing by just 0.2% nationally to settle at $155.22. Chicago saw the steepest rise of the major markets at 9.7%.

Top 10 Highest Monthly Parking Rates in the U.S.

Midtown Manhattan: $541
Downtown Manhattan: $533
Boston: $438
San Francisco: $375
Philadelphia: $304
Seattle: $294
Chicago: $289
Washington: $260
Honolulu: $217
Los Angeles: $210

Canadian monthly parking rates increased by about 3% over 2010 to about $241.59, with Calgary’s rate of $486 coming out on top.

Midtown also topped the list for median daily parking rates at $41, up 2.5% from last year. Other changes in major markets include Washington, up 20%; Houston, up 20.8%, and Boston, up 6.3%. In Canada, Calgary again led the pack at US $25.73.

 


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.

Morton designBUILD is a team that works with you, from concept to completion, to create custom steel buildings and beyond.  Visit our website for design inspirations today!

 


Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.

Morton designBUILD is a team that works with you, from concept to completion, to create custom steel buildings and beyond.  Visit our website for design inspirations today!

 


 
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