Would you pay $500,000 for one parking space?

I bet you get asked this question all the time, right:Would you pay $500,000 for one parking space?

The owner of this London parking space will presumably find out quite soon if somebody is willing to fork out that sort of money for this 19.5 ft by 8 ft space:

Daily Telegraph

Daily Telegraph

The highest price I have found for parking in Boston remains the $560,000 for two tandem parking spots I reported on back in 2013. Meanwhile, in Manhattan, a couple of new condo developments are offering parking for $1 million. Really.

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, feel free to contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com.

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Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated

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