Downtown Phoenix parking rate jumps 50%

[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.

Where to park in downtown Phoenix (Downtown Phoenix Partnership)
Where to park in downtown Phoenix (Downtown Phoenix Partnership)

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