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WHAT RECESSION? PARKING GARAGES BUCK THE ECONOMIC DOWNTURN According to Colliers International’s 2009 Parking Rate Survey, Garages Manage to Hold Rates Steady Amid Economic Woes Seattle, WA, June 24, 2009—Colliers International, a leading real estate services firm, today released its ninth-annual North American Parking Rate Survey, which now tracks 64 North American markets. The survey indicates that despite economic hardship, U.S. parking garage owners and operators have managed to hold rates at last year’s levels. Indeed, despite a loss of six million jobs and a significantly more challenging business environment, few markets have seen a meaningful pullback in parking rates. In contrast, Canadian parking costs registered sizeable gains, reflecting a more robust marketplace. And as outlined below, parking rates in regions around the world largely mirrored U.S. pricing trends.
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  Parking Release 2009 _2_.pdf
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