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Parking in Phila vs. Phoenix |
| Published: July 25, 2007, 11:09 am |
| Tags: regional economy |
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Courtesywww.motorauthority.com Forget that trivial news about Phoenix vaulting over Philadelphia as 5th-most populous city. Here's a ranking that actually matters: Colliers International's latest June survey of downtown parking rates in 61 cities worldwide has found that Phoenix is one-eighth as expensive as Center City Philly. And Philadelphia has risen back to being the fifth most-expensive downtown for parking, with a median monthly rate of $297. Phoenix is still dead-last among the 61 cities and grouped in the five least-pricey U.S. cities with a median of (are you sitting down) $35. So while the population ranking is down, the parking-cost ranking is up. The trend is pretty clear: Philadelphia's ranking was up from 6th in the 2006 Colliers' survey. It had been 5th in 2005, 7th in 2004 and 7th in 2003. (Unable to readily find the earlier surveys). This year's rise came in a year that Colliers International marked as only "modest" in its overall price increase compared with [ Full article ] |
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