Colliers have just released their North America statistics from their car parking rates survey. As a whole, parking rates did
not increase or registered little change over the past twelve months,
reflecting the uneven nature of the economic recovery. This is across both
daily and monthly parking rates, although daily rates saw a modest increase of
0.8%, with Colliers attributing this to a return to more driving patterns and
the need to go into the commercial districts.
not increase or registered little change over the past twelve months,
reflecting the uneven nature of the economic recovery. This is across both
daily and monthly parking rates, although daily rates saw a modest increase of
0.8%, with Colliers attributing this to a return to more driving patterns and
the need to go into the commercial districts.
For the most part, the demand for parking seems to be
slowly returning to pre-recession levels. Colliers expect that next year will
likely see a modest increase in car parking fees, assuming that the economic
recovery in North America remains on track.
slowly returning to pre-recession levels. Colliers expect that next year will
likely see a modest increase in car parking fees, assuming that the economic
recovery in North America remains on track.
Internationally, London again ranked as the most
expensive in USD terms (as represented by median monthly rate) with London –
City leading the way ($1,084) followed by London – West End ($1,014), Zurich
($822), Hong Kong ($745), Tokyo ($744), Rome ($719), Perth ($717), Geneva
($705), Sydney ($695) and Oslo ($612) rounding out the top ten. All amounts are shown in USD and are as
calculated by Colliers.
expensive in USD terms (as represented by median monthly rate) with London –
City leading the way ($1,084) followed by London – West End ($1,014), Zurich
($822), Hong Kong ($745), Tokyo ($744), Rome ($719), Perth ($717), Geneva
($705), Sydney ($695) and Oslo ($612) rounding out the top ten. All amounts are shown in USD and are as
calculated by Colliers.
Read the full report on the Colliers website here.