According to Colliers International’s latest parking rate survey, the average monthly rates in San Francisco commercial garages remained flat over the past year at $375.00. Daily rates in San Francisco hit $26.00, an increase of 4 percent from 2010.
Also according to the survey, Midtown and Downtown Manhattan are the most expensive places in the U.S. to park, with median monthly rates at $541 and $533, respectively. Boston was third at $438 and the national average was $155.22.
London – City was the most expensive place in the world to park, with a $1,084 median price for a monthly spot while London’s West End was close behind at $1,014 per month, followed by Zurich at $822 and Rome at $719. In Asia, Hong Kong and Tokyo both topped New York’s median monthly cost for a parking spot reaching $745 and $744, respectively.
The one that caught us by surprise: Perth, Australia which weighed in with a median monthly cost of $717.

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Comments from “Plugged-In” Readers

  1. Posted by Wai Yip Tung

    The money you spend to park a car in London is about the same as what you pay to live in a studio in San Francisco!

  2. Posted by extra

    The average size of an independent parking space isn’t much less than a typical studio in London (or even San Francisco). Capacity of parking structures varies, but is about 1 car per 300 sq ft, depending on placement of structural columns, etc.

  3. Posted by A.T.

    Yes, and the cost of a month of parking in SF would pay half the monthly mortgage of the median-priced home in the USA.

  4. Posted by Legacy Dude

    And what about comparing public transit systems in these cities? Takes less time to go 30 miles to midtown from Westchester than it does to go 7 miles from Outer Richmond to the Financial District. Shinkansen vs. Caltrain? In other words, a car isn’t a necessity in most “world class” cities. It is here, unless you happen to both live and work along Market. Or your time is worth nothing.

  5. Posted by BT

    City policy to eliminate as much parking as possible in an effort to force people to give up their cars and use transit will only make it more expensive over time.

  6. Posted by OhSh|t

    Daily parking at One Market (most expensive that I know of) in SF is $44/day X 20 days/month = $880/month. I am unaware of any garages in downtown SF that charge $26/day or less (Hearst Garage is relatively reasonable in the $20 range, if you don’t mind the smell of urine when walking through the alleyway to get onto Market), unless you get the “early bird” special. Most downtown SF garages average $28 – $32/day, with 3 hrs. or more constituting a full day. I park in a bunch of these garages ALL . . . THE . . . TIME (almost daily).

  7. Posted by sfrenegade

    “And what about comparing public transit systems in these cities? Takes less time to go 30 miles to midtown from Westchester than it does to go 7 miles from Outer Richmond to the Financial District.”
    Yeah, better to live in Daly City than much of the city when you’re trying to commute downtown. Thank you BART, screw you Muni. The NIMBYs here don’t want transit and don’t want density appropriate for better transit. So much for “transit first.”

  8. Posted by Wai Yip Tung

    @extra,
    “The average size of an independent parking space isn’t much less than a typical studio in London (or even San Francisco). ”
    Since you have paid for it, you might as well live in a car 😀

  9. Posted by lol

    Passing by Townsend right before the Giant’s game sunday I saw the parking attendant playing the price switcheroo. $40+ all of them.

  10. Posted by Stucco-sux

    Has anyone else noticed that traffic lights across the inner SF city have recently been retimed to create jams? Van Ness, Potrero and Soma streets have all been retimed to rotate red/green much faster.
    I looked on the SFMTA site to see some sort of notice but there is not a peep. Shocker.
    Traffic went from OK to horrible overnight in SF…

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