ParkingCupid.com released its first parking real estate report. Many have wondered how you can report a fair market value of parking space assets. ParkingCupid.com’s report has "marked to market value America’s 800 million car spaces at $20,800 each, a total of US$17 trillion dollars".
This valuation is an average of all types of parking spaces; both on-and off-street, at shopping centres, parking garages, at work, at home, etc.
Another study by Mikhail Chester, Arpad Horvath and Samer Madanat, about parking infrastructure, reports that there are 800 million car parking spaces in the US. Click here to read the article about the 2 studies.
