Boston real estate prices are so high that parking spaces cost seven times the average price of a new car. Boston real estate is some of the most expensive in the United States, but it's not the cost of housing that's really shocking.
Parking spaces are in such demand that one is selling for... $350,000. And it's not even guardable. “The luxurious“ parking spaces include a painted yellow line and nothing more.
Anyone who can afford to spend as much money as a new Rolls-Royce to park their car somewhere on the street is likely to be driving a large vehicle. The buyer of this $350,000 parking space is relieved that at least it's big enough to park a car like a Range Rover.
Incredibly, the asking price for this parking space is much lower than some others that have sold in the area in recent years. A Boston couple reportedly sold a parking space for $750,000 in 2022.