We had a discussion of real estate prices going but I don’t remember where, so.......
Parking in most cities is tough. Boston is particularly bad because there was no plan, they just sent a paving machine to follow a cow.
Boston has a lot of parking garages that are like condos, you buy your space and pay a maintenance fee.
The Brimmer Street Garage on Beacon Hill just set a record for a 180 sq ft spot at $167,500. Since January of ’03, seven spots have sold there for more than $140k. Of course Beacon Hill is a high rent neighborhood, whereas the South End spots are only 39k to 100k, Tremont on the Common spots are 65k to 67.5k and the Back Bay (passed Fenway Park) are a paltry 25k to 50k.
05-23-2004, 03:50 PM
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