Why parking is becoming more scarce at new condo buildings (DC)

Of all the features buyers are looking for in a home, a dedicated parking space is at the top of many wish lists for District house hunters.   A separately deeded parking space can sell for significant amounts of money. For example, parking spaces listed for sale in the MRIS multiple listing service range from $18,000 to $45,000, but they can go for much more. Also, the search terms “parking” and “parking space” rank high on the list of keywords consumers search for on our public database, MRISHomes.com. Given the demand, there is a growing need to find creative solutions for where to put our cars, or how to live in the city without one altogether.      Read the article………………


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