The U.S. national median monthly parking rate is US$155.22, with the highest being midtown Manhattan at US$541 and Renoa at US$45 the cheapest. In Canada, Calgary topped out at US$486 followed by Toronto at $342 USD and Montreal at $305 USD.
Globally the most expensive cities to park are London, England at an average of US$1,084 a month (no doubt brought up by a few £200,000 parking spots); Zurich, Switzerland at US$822; Rome, Italy at US$719; Hong Kong at US$745; Tokyo, Japan at US$744 and Perth, Australia at US$717.
Ross Moore, Colliers’ chief economist had this to say about the results:
"This year's parking rate survey reflects a moderately improving economy and better office leasing fundamentals. Despite these improvements, operators are still holding the line on parking rates. The long-term trend is still for rates to move higher, but any near-term movement will be dictated by the vigor of the economic recovery.”
In the U.S., median monthly parking rates have dropped 0.2% since 2010 and most cities were found to have between “fair” and “limited parking, with few exceptions.
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