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Cost of Parking Spot in Seattle

December 19th, 2009 · Comments · By Matt

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

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  • 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.
  • 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?
  • Alex Porter
    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.
  • EconE
    Anybody else feel like the developers "blew it" with so many 2BR condos coming with only one parking spot?
  • Elise
    Decatur on First Hill is offering spaces for $20k - $25k.
  • Chris
    Trio is selling off some parking spots. I think they're in the 10-15k range depending on size.
  • 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).
  • 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.
  • 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)
  • 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.
  • 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.
  • bob
    $30k in 1999. Unknown now.
  • 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.
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