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Parking Rates On the Rise After Two Down Years.

Publication: PR Newswire
Publication Date: 21-JUL-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BOSTON, July 21 /PRNewswire/ -- According to Colliers International's fourth annual North America Parking Rate Survey, parking garages are feeling the effects of an improving economy. In response to market conditions, monthly parking rates in all categories rose as businesses responded to a healthier business climate and rising employment rates. The survey, which reports on reserved, unreserved and daily parking rates, found that the average unreserved monthly rates across North America increased 3.5% from a year ago, while daily rates dipped 0.9%.

Average monthly-unreserved rates ranged from $432 in New York City to $38 in West Palm Beach, Florida....

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