LONDON-The City and West End submarkets here are the most expensive places to park a car for a month, according to the 2010 Parking Rate Survey from Colliers International. The survey evaluates parking rates for central business districts across the globe.
The survey found that The City and West End submarkets ranked number one and number two in the world. Monthly parking rates in The City topped the global list at $933 USD per month (₤643.00 GBP) followed by the West End at $874 USD (₤602.00 GBP).
The survey findings highlight the recovery the financial centers have experienced. For example, parking rates in The City increased 2.1% over the past 12 months, while West End rates increased 2% from 2009 levels.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
