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Spaces are in such demand that there are waiting lists of buyers. Eight people are hoping for the chance to buy one of five private parking spaces for $225,000 in the basement of 246 West 17th Street, a 34-unit condo development scheduled for completion next January.
London's West End was close behind at $1,014 per month, followed by Zurich at $822 and Rome at $719. In Asia, Hong Kong and Tokyo both topped New York's median monthly cost for a parking spot reaching $745 and $744, respectively.