North America | Central Business District Parking Rate Survey
Colliers’ 10th annual North America Parking Rate Survey again indicates that 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. Over the past year Canadian and U.S. parking rates both registered little change, highlighting the high degree of stability in this often overlooked real estate sector.
Colliers’ parking rate survey includes 56 central business districts across North America (U.S. – 44, Canada – 12). Survey only includes covered or underground parking garages located in prime central business districts (CBDs). Parking rate data was collected during the month of June 2010 and includes all relevant taxes. Sources include third parties, owners/operators and Colliers International.