Two Parking Spaces in Boston Sold for $560,000


"These are the coolest, trendiest places to live. The overall trend is that top-tier U.S. urban markets led the real estate recovery. There's been a real bifurcation," he said.

Retail real estate leasing and sales prices in New York City and San Francisco are "astronomical," Cook said.

"You would think there was never a recession. In the rest of the U.S., there's a recovery going on," he said.

Colliers International published a list of the most expensive central business districts for parking in October. They studied dozens of commercial areas and found that New York City, Boston and San Francisco topped the list of median rates for monthly unreserved parking spaces. In other words, these are undesignated parking spaces such as parking garages without specific, designated spots.

Here's Colliers list of top 17 U.S. cities by median monthly rates:

1. New York, N.Y. - Midtown: $562

2. New York, N.Y. - Downtown $533

3. Boston, Mass.: $405

4. San Francisco, Calif.: $375

5. Philadelphia, Pa.: $313.25

6. Chicago, Ill.: $289

7. Seattle, Wash.: $285

8. Washington, D.C. $270

9. Honolulu, Hawaii: $230

10. Los Angeles, Calif.: $220.93

11. Oakland, Calif.: $195

12. Bellevue, Wash.: $195

13. Hartford, Conn.: $189.74

14. Portland, Ore.: $185

15. Denver, Colo.: $180

16. San Diego, Calif.: $175

17. Minneapolis, Minn.: $175

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