4 ms·
They are passed through, particularly for residential. When apartments and condos require 1-2 parking spaces per unit, it means that we aren't selling to people
by pwthornton 7y ago
They are passed through, particularly for residential. When apartments and condos require 1-2 parking spaces per unit, it means that we aren't selling to people without cars, who are often people who can't afford cars.
My old unit in the DC area had something like $80,000 in parking attached to it. That could have been ground floor units or retail instead. The units would have been cheaper had the parking minimums not been there. In bigger buildings that put parking underground, those units can be very expensive to build.