Paving a driveway or adding lines to your parking lot can increase the value of your property. It’s a great selling point for those who are in the market to rent a parking space or rent property where parking is included. The return on investment is remarkable.
The average parking space in the City of Boston is $175-$200 per month. However there are certain high demand areas where tandem parking spaces can get up to $600 per month. There also individual spaces in the Back Bay and other parts of the city where $300 per month for a single space is not uncommon. It’s easier to command the higher amounts if your driveway is in A+ condition. With parking spaces being in such high demand these days, homeowners throughout Massachusetts who have extra parking are renting their spaces. Parking spaces are in high demand due to ride sharing companies, out of state plate drivers and the over saturation of apartment buildings with limited parking. Density in greater Boston continues to climb and this is putting a toll on finding available parking spaces on the street.
If you are landlord with underutilized parking spaces, jump on the money bandwagon today! Visit bostonparkingspaces.com today and we can help you find the right paving & lines professionals to accommodate your needs. Reposition your product today and reap the rewards tomorrow. Bostonparkingspaces.com is the leading parking rental website in Massachusetts. We specialize in all things parking. We list and market the most parking spaces throughout Massachusetts. We also assist land/homeowners with driveway and parking lot renovations, snow removal and parking management. Visit bostonparkigspaces.com today.