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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.
I believe that these figures are very conservative estimates. I've read that surface parking can cost as much as $10,000 per space and subterranean parking can cost as much as $25,000 to $35,000 per space.Of course these figures will change dramatically depending on what part of the country the parking is being built, the scarcity of land, etc. etc.ilson estimated break-even fees that would cover the monthly cost of providing a parking space at 10 case study sites--office buildings--in suburban areas of southern California. These averaged $48 a month and ranged from $28 to $61 (in 1992 dollars), although none of the sites had parking charges of any kind.