Real Estate News

The latest news about the residential real estate market in Boston and the surrounding areas

The Price of Boston Parking Spaces

Boston residents are willing to pay a hefty price for prime parking, but just how much do these prices vary throughout the city?

A report by the real estate research site NeighborhoodX breaks down the purchase price of various Boston parking spaces throughout some of the most popular residential areas. The prices range from $50,000 in South End to the most expensive on the list, $390,000 in Beacon Hill.

With Beacon Hill being one of the city’s most sought after residential neighborhoods, it’s no surprise you’ll have to pay top dollar to park there too. The Brimmer Street Garage parking spaces generally range from $250,000 to $390,000.

Back Bay parking follows close behind, with the most expensive spaces on Marlborough St. priced at $305,000, approximately $1,743/sq.ft. There are a few cheaper options in this area as well, with a spot purchased on Newbury Street for $108,500.

Downtown is right in the middle, with a parking space purchase price of $105,000. The cheapest parking spot sales happened in the South End, ranging from $50,000 to $87,500.

Find your new home in these locations and more with Advisors Living. Email us for more information at contact@advisorsliving.com.

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