Colliers Parking Rates Survey – North America

Global real estate firm Colliers has just released their North America Parking Rate Survey 2010.

Midtown New York City has the region’s highest garage parking rates, according to Colliers: a median of $20 an hour, $40 a day and $538 a month. The survey includes central business districts in 44 U.S. urban areas and 12 in Canada. It examines June 2010 rates only in covered or underground parking garages, not open-air lots or street parking.

Across the US, daily parking rates dropped 1.4 percent between 2009 and 2010, the survey shows.

“Even in the face of economic hardship, parking garage owners and operators have managed to hold rates steady, providing little relief to businesses or consumers,” Ross Moore, Colliers’ chief economist/USA, writes in the survey report.

View the report in full here; or you may wish to view the Colliers Global CBD Parking Rate survey from 2009 on the PCI blog here.

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