All Things Boston » It's Official - NYC is the Most Expensive Place to Park in the Country
It's Official - NYC is the Most Expensive Place to Park in the Country
It's Official - NYC is the Most Expensive Place to Park in the Country
For immediate release
We’re number one!
A new study by Colliers International, a commercial real estate
consulting firm found that Midtown and Downtown Manhattan are the
two most expensive parts of the United States to park your car in a
parking garage.
The average monthly cost to park in a garage in Midtown Manhattan is
$491.80; Lower Manhattan comes in slightly under that at $444.40.
Compare this to the national average, which is only $148.30. The
runner-ups to Manhattan in this undesirable category are Boston at
$425, San Francisco at $350 Philadelphia at $317.50 and Chicago at
$289. NYC also has the highest daily national parking average. Some
parking garages in Midtown Manhattan charge as much as $76 for 24
hours of parking, while West Palm Beach, is at the other end of the
spectrum: $8.
What to do next - an example of "beating" the system
So what are we, who live in or near the most parking-challenged City in
the nation, to do? Knowledge is power. It’s often possible to avoid
paying for a parking garage at all by knowing where (and equally
important, when) it’s free and legal to park on the street. Of course,
when it comes to monthly parking, this doesn’t usually apply, but
knowledge can still save you lots of money. Author Erik Feder gives this
prime example:
"Recently, I had to be in Times Square at 5:30pm on a Friday night to
give a presentation about my parking books to the NYC Hotel Concierge
Association. I knew that street parking wouldn’t work at that time (6pm
would’ve worked, 5:30pm - no way) so I researched parking garages in
that area. I ended up parking in a garage that was a ten-minute walk
from Times Square for 5 hours - from 5pm-10pm. It cost me $7."
Copyright 2006 Rhythmo Productions
For more information on everything relating to parking in NYC, consider
contacting Erik Feder, "The Parking Expert". Feder, author of the
"Feder Guide…" series of parking books, has been seen/heard
on ABC’s Eyewitness News, CBS News, The WB-11
Morning News, GoodDay NY (Fox-5), 1010 WINS,
WOR Radio and in New York Magazine, to name just a
few. Erik has done extensive research on NYC parking, including driving
on every single street in Manhattan and compiling a
comprehensive database of the parking regulations on each and every
sign. Feder can provide information on various parking-related topics
that is perfect for use as a graphic or sidebar. Erik is available for
interview, commentary or quotation:
Rhythmo productions
1-877-412-PARK (877-412-7275)
1-516-633-1114 (Erik’s cell phone)
http://www.WhereToParkManhattan.com
info@federguide.com
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