As most everyone knows, home sales are a large portion of
real estate. Since major cities are becoming even larger, parking is the new
real estate buzz. As these cities become more densely populated, parking
becomes more coveted, and people are willing to pay. The Pelorus Group
is involved in real estate, and knows just how valuable different commodities
can become.
In Boston, two parking spots were auctioned off for $560,000
this past week. San Francisco had a similar boom with a spot selling for over
eighty thousand dollars. In some Boston neighborhoods, condo prices can be
driven up $150,000 just for including a couple parking spaces. When it comes to
a great location, people are willing to pony up the money, as well as the
freedom to be able to leave their care there for however long they want.
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