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The point of my comment was to reply to this part of the parent comment: "but in terms of the revenue raised per square foot it's one of the least profitable us
by CodeWriter23 10y ago
The point of my comment was to reply to this part of the parent comment: "but in terms of the revenue raised per square foot it's one of the least profitable uses of real estate around". At $60/day earned by the city for a 172 sq ft parking space, that translates to about $10.50 per sq ft per month, rivaling most office buildings.
- cperciva 10y agoNot at all. The parking spot may earn $10.50 per square foot per month, but the office tower earns $10 or more per square foot per floor per month.