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Parking Costs Rise as Garage Inventory Remains Flat

SAN FRANCISCO—Monthly tenant rates have increased nearly 10% during the past five years.

By Lisa Brown | Updated on March 13, 2015

SAN FRANCISCO—San Francisco parking woes continue, with construction costs and city policies contributing to fewer structures being built in the foreseeable future. As of the last San Francisco Municipal Transportation Agency survey in 2010, the number of parking spaces in San Francisco was nearly 442,000 including 19 city-owned garages and that count has roughly remained unchanged, according to SFMTA.

Some of these spaces often have long-term parkers or are limited to permit or customer only. And, the barriers to future garage construction are too high for the city to contemplate, Rob Malone, acting director of parking for SFMTA, tells GlobeSt.com.

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