: Parking is a "slow and steady" asset. Scarcity is driven by city regulations that make it difficult to include parking in new developments and the trend of converting existing garages into condos.
: Financial advisors suggest it can take approximately 12 years to recoup the investment of a $40,000 spot when compared to the costs of a commercial garage. How to Acquire a Spot A Guide to Creating Parking Space in NYC - Wayleadr buy parking spot nyc
: For new luxury developments, prices typically range between $300,000 and $400,000 . : Parking is a "slow and steady" asset