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Cost of Parking Spot in Seattle

By Matt Goyer December 19, 2009

A reader writes in wondering how much a parking spots are going for these days. Any ideas?

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14 responses to “Cost of Parking Spot in Seattle”

Sasha Aickin says:

December 19, 2009 at 3:48 pm

That's a heavily loaded question, my friend. I just read “The High Cost of Free Parking”, and it kind of makes you rethink the price of parking in every sense.

But I'm sure you just meant: how much does it cost a purchaser to buy a parking space in a condo building, which is a decidedly more empirical question.
bob says:

December 19, 2009 at 5:13 pm

$30k in 1999. Unknown now.
potus says:

December 19, 2009 at 8:48 pm

The developer at Lumen was selling extra spaces between $9k and $20k depending on the size. They were offered to current owners before the auction.

We also have one owner selling a space for $10k right now.
The MD says:

December 20, 2009 at 7:34 am

Hey, if that's how cheap you can buy a parking space at Lumen, you should buy 10 of them! That is literally unheard of pricing for a parking space. Anyway, I love this question because I am looking for a parking space in downtown's core right now. I'm finding them anywhere from $40,000/space (for a crappy one) up to $75,000 for a space for a nice one.
jimpatterson says:

December 20, 2009 at 8:19 am

Over the past 3 years Condo spaces have ranged from $20K to $40K – largely depending on location of building, and quality of space (outdoor gated to underground highly secured, and if a storage locker is a part of that deeded spot or sold separately…if separate secure storage units average about $10 – $15K each)
doug says:

December 20, 2009 at 9:26 am

I have always wondered why a developer has not built a downtown condo for parking. They have had them back east for a number of years.
I am sure they could be sold a lot more easily than all of the un-sold condos that are downtown now.
Rhonda Porter says:

December 20, 2009 at 8:06 pm

I think we just shelled out $14 to park for 2 hours across from Pike Place Market (we were to early for the evening special).
Chris says:

December 21, 2009 at 8:14 am

Trio is selling off some parking spots. I think they're in the 10-15k range depending on size.
Elise says:

December 21, 2009 at 12:41 pm

Decatur on First Hill is offering spaces for $20k – $25k.
EconE says:

December 21, 2009 at 8:41 pm

Anybody else feel like the developers “blew it” with so many 2BR condos coming with only one parking spot?
aporter says:

December 22, 2009 at 11:25 am

Monthly rates for parking on Capitol Hill are in the $100-200 range. Garage Parking at Chloe on 14th and Union is $150/month. Garage Parking at The Pearl Apartments on Pike & Madison is $125/month.
Rhonda Porter says:

December 22, 2009 at 10:29 pm

doh! Selling a parking spot…I should have known thats what you meant… I know that over 10 years ago, someone offered me $20k for my extra parking spot for a new condo in Des Moines…sorry…I know it's not downtown… strike 2?
Rhonda Porter says:

December 23, 2009 at 6:29 am

doh! Selling a parking spot…I should have known thats what you meant… I know that over 10 years ago, someone offered me $20k for my extra parking spot for a new condo in Des Moines…sorry…I know it's not downtown… strike 2?
Bro says:

January 6, 2010 at 9:35 pm

2 years ago down near 2nd & Colombia indoor parking garage, secure, appraised at $30 to $50K…obviously less now but long term, great buys.

Cost of Parking Spot in Seattle

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