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A parking space takes up about 200 ft² (not counting things like the width of the travel lane between parking spaces), and office rent in Manhattan runs about $
by jcranmer 3y ago
A parking space takes up about 200 ft² (not counting things like the width of the travel lane between parking spaces), and office rent in Manhattan runs about $7-8/ft² each month.
Chances are, even at well over $1000/month, the parking infrastructure is still effectively below the cost of the space it takes up.
- NovemberWhiskey 3y agoOn the other hand, a parking space is a bare concrete slab, or even a lift holding several cars over a bare concrete slab; and an office building is ... not.
- tmnvix 3y agoAs I understand it, parking buildings are actually more expensive to construct due to the engineering requirements