Here is an interesting article dealing with parking spaces. In larger cities, smart investors are buying indvidual spaces as investments.
Parking Spaces as Investments
In the game of Monopoly the “Free Parking” space isn’t a property for sale. In the real world, however, investors can take advantage of parking as a form of physical property that can be bought, rented or sold like any other type of real estate. With spaces being sold for as much as $200,000 apiece in densely populated cities such as New York, parking spaces could very well be the new Park Place.
More than 237 million privately and commercially owned vehicles are registered in the U.S., according to the Department of Transportation. This works out to approximately one car for every two people. It may come as no surprise that with the abundance of private transportation, parking is getting harder to find, and as demand increases, so do parking space values. An increasing number of investors are realizing this and beginning to take advantage of a growing market.
Parking spaces can be used as a real estate investment “Parking is a scarce commodity,
Parking Investing Blog
The Expired Meter
International Parking Institute
Donald Shoup on Parking
The Valet Spot
We Wrote the Book on Parking Investing