Building Parking Raises Rent
Parking costs a lot to build, and that cost usually ends up raising tenant rents.
$5,000: Cost per surface space
$25,000: Cost per above-ground garage space
$35,000: Cost per below-ground garage space
$142: The typical cost renters pay per month for parking
+17%: Additional cost of a unit's rent attributed to parking
Source: Housing Policy Debate, 2016
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