4 ms·
In extremely expensive areas like the Bay Area, parking is usually either elevated or underground. Most of the buildings going up in Seattle spend 3-6 months ex
by lukeschlather 9y ago
In extremely expensive areas like the Bay Area, parking is usually either elevated or underground. Most of the buildings going up in Seattle spend 3-6 months excavating a parking garage.
If they aren't elevated or underground, the land itself is worth hundreds of dollars per square foot, so even if the actual construction is negligible the parking space is still worth $30,000+ that could be used for other things.
- AnthonyMouse 9y agoEven if a parking space is worth $30,000, amortized over 20 years that's only $.17/hour.