| Deficiency economy in the office block parking |
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Budapest, 23rd July2008 In Budapest's downtown we may park for roughly as much, as in New York or Washington – emerges from the eighth annual Parking Rate survey released by Colliers International, a leading global real estate services company. The survey was conducted in July and covered a selection of 64 metro areas in North America, as well as 74 cities in Europe, Asia, Latin America and their catchment area. Associate Director, Office Leasing, Colliers International Budapest Ltd., Miklós Saly added, that in the price calculation of parking places in office buildings developers take into consideration the location and value of the building plot, the expense of the building operations under the surface, what may contribute to the general rise in prices (particularly in case of building operations near to a river).
…………………………………………………………………………………………………………… From the study of Colliers International …………………………………………………………………………………………………………… The parking rates show a globally growing tendency Labour-market shocks may restrain the increase Parking rates in cities around the world make even priciest U.S and Canadian cities seem reasonable. London once again took the cake as the most expensive parking district in the world, with London - City leading the way. Australian markets dominated the top spots on the Asia-Pacific list, and Santiago, Chile posted the highest parking rates in Latin America. Even though the U.S. economy has slowed in 2008, office occupancies remain near cyclical peaks, and this has helped push monthly parking rates higher. Daily rates, which are more a function of the general economy and consumer spending, have also increased – and this suggests that the sluggish retail environment and higher gas prices have yet to impact the ability of parking garage owners and operators to charge more. The price increases found in this year’s report mirror last year’s pattern, as parking owners and operators continue to feel bullish, reflecting limited supply in many U.S. markets. The U.S. economy is widely expected to decelerate further in the coming months, and the labor market is unquestionably shaky. For the most part, parking rates are expected to show little change in the near term – however, in select markets, we may see rates come down. Appendix ------------------- The three most expensive parking districts in EMEA (Europe, Middle East, Africa) are (Daily / Monthly, in U.S. dollars): • London – City: $68.07 per day / $1,166.87 per month • London – West End: $62.23 per day / $1,135.76 per month • Stockholm, Sweden: $39.40 per day / $508.92 per month The three most expensive parking districts in Asia-Pacific are (Daily / Monthly, in U.S. dollars): • Sydney, Australia: $54.47 per day / $774.76 per month • Hong Kong, China: $28.16 per day / $742.40 per month • Perth, Australia: $15.03 per day / $610.42 per month The three most expensive parking districts in Latin America are (Daily / Monthly, in U.S. dollars): • Santiago, Chile: $200.00 per month • Mexico City, Mexico: $20.00 per day / $150.00 per month • Lima, Peru: $15.00 per day / $145.00 per month The three most expensive parking districts in the U.S. are (median monthly rates): • New York City, Midtown: $585.00 per month • New York City, Downtown: $462.00 per month • Boston, MA: $460.00 per month |
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Copyright © 2003-2011 Colliers International Real Estate Services /Hungary/ Ltd. All rights reserved.
Copyright © 2003-2011 Colliers International Real Estate Services /Hungary/ Ltd. All rights reserved.