[Source: Andrew Johnson, Arizona Republic] — The median monthly parking rate in Phoenix’s central business district jumped 50% to $52.50 from a year ago, according to a survey by commercial real-estate broker Colliers International. Yet, Phoenix had the third-cheapest median rate in the country behind Bakersfield, Calif. ($40 per month) and Reno ($45 per month).
The five most expensive parking districts were New York City’s Midtown area ($585), downtown New York City ($462), Boston ($460), San Francisco ($350), and Chicago ($310). Colliers’ annual North America Parking Rate Survey predicts that as rates increase locally, use of public transit will rise.
Downtown Voices Coalition 