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Cost of Parking Spot in Seattle

December 19, 2009 By 14 Comments

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

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Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • Sasha Aickin

    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

    $30k in 1999. Unknown now.

  • potus

    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

    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

    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

    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.

  • http://twitter.com/mortgageporter Rhonda Porter

    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

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

  • Elise

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

  • EconE

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

  • aporter

    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.

  • http://www.mortgageporter.com/ Rhonda Porter

    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?

  • http://www.mortgageporter.com/ Rhonda Porter

    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

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