Parking Rates — Two Issues

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Parking Rates — Two Issues

Well, Collliers International is out with their annual survey of off street parking rates. You can read about it here.  OK lets talk about it. 

First — It seems that rates are high in cities like San Francisco, NY, Boston, Chicago, Philly and the like, but low in Florida, Bakersfield, Reno, and Walnut Creek. So what does that mean — Simple — where parking is plentiful, its cheap — no real mystery here.

My biggest problem — why does the parking rate information come from a real estate company, and not from our industry. It seems that the data may be available at the NPA for a thousand bucks, and some city and college data is available to IPI members.

Colliers has a clean, neat report right their on their web site. Just what you need if you are looking to help set your rates. Of course, most parking rates are set by looking at the garage across the street. However knowing that you are "in line" with like cities is helpful if you are trying to lead the pack or convince the ownership to raise or lower rates.

Just my two cents.

JVH

John Van Horn

John Van Horn

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