What Determines Parking Rates Globally

Parking Rates Broadly Up – Worldwide (4 page pdf, Ross J. Moore Chief Economist | USA, Colliers, CBD Parking Rates, 2011)

The focus of today’s review is an update on a comparison of central business district (CBD) parking rates around the world. While one expects them to correlate well with real estate prices, one finds considerable differences, not only within a city but between cities. Parking rates are known to also impact on the degree of traffic congestion with higher rates favouring less congestion as a rule along with reduced vehicle emissions in downtown urban areas.

To see Key Quotes and Links to key reports about this post, click HERE


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