Got parking? You can for at least $20,000

Aug 24, 2015, 10:25 AM | Updated: Aug 25, 2015, 5:44 am
Seattle parking...
Seattle officials are considering upping paid parking hours to beyond 8 p.m. in some places. Charging for parking until midnight was mentioned at a recent city council meeting. (Dyer Oxley, MyNorthwest)
(Dyer Oxley, MyNorthwest)

Finding an apartment to rent at a decent price in Seattle is a well-known challenge, but what about a place to park your car?

Seattleites are now paying as much as $50,000 for a parking stall of their very own KING 5 reports.

“In Seattle there were six or seven sales of deeded parking spaces in the last 12 months, and they sold from anywhere from $20,000 to $50,000 depending on their location,” said Realtor Edward Krigsman.

Krigsman notes that with new construction, finding a parking spot is becoming even more prized. The location of the parking spot, and whether it is covered are factors in the price tag.

And other developments in modern-travel have also influenced the market. For example, car sharing services are now so significant, assessors are factoring them in to new development.

“What we are seeing is that the discount applied to condominiums that lack parking is less now than it was five or 10 years ago,” Krigsman said.

That means the rate paid for a place to live without parking isn’t so far off from places that do offer parking. Walkability and ease of travel with ride sharing services such as Uber are taking a greater role.

All that may not come as much of a surprise to anyone who has lived or worked in the city for even a few weeks. Neighborhood groups have been calling the city out on how relaxed its become with parking. Take Neighbors Encouraging Responsible Development, for example, which alleges that the Department of Planning and Development is trying to make it easier for property developers to build fewer or no parking stalls.

The Eastlake Community Council is singing a similar tune. The city has reduced or repealed on-site parking requirements for new developments, both residential and office and retails.

And with the way the city is developing bike lanes these days, there probably isn’t going to be a solution for Seattle’s parking problems any time soon.

John Curley and Shari Elliker on KIRO Newsradio 97.3 FM
  • listen to tom and curleyTune in to KIRO Newsradio weekdays at 3pm for John Curley and Shari Elliker.

John Curley and Shari Elliker

John Curley and Shari Elliker

(Getty Images)...
MyNorthwest Staff

WA’s ban on high-capacity ammo magazines to take effect July 1

The measure also outlines that importing, manufacturing, and distributing magazines with more than 10 rounds will be prohibited. 
2 months ago
Welcome Back...
John Curley and Shari Elliker

Does your boss truly care about your happiness?

John & Shari aren't buying a New York Times report that addresses the new school approach employers are taking to keep their employees happy.
3 months ago
alaska...
MyNorthwest Staff

Alaska Airlines CEO anticipates ‘choppy May,’ issues mea culpa as flight cancellations rack up

Alaska Airlines is facing issues with contracting and a shortage of pilots, leaving travelers to deal with a surplus of flight cancellations.
3 months ago
Pramila Jayapal...
John Curley and Shari Elliker

John and Shari: Political pressure to forgive student loan debt is well-timed ahead of mid-term elections

President Joe Biden and Congress’ plan for student loan debt remains an outstanding question as Democrats look towards the midterm elections.
4 months ago
diner, tip...
John Curley and Shari Elliker

John & Shari: Inflation has forced some people to adjust their tipping habits

Inflation is driving up prices lately on nearly everything, and it seems to be leading some people to tip less at restaurants and for other services.
5 months ago
John Curley, Shari Elliker...
John Curley and Shari Elliker

John Curley and Shari Elliker want story ideas from listeners

John Curley and Shari Elliker are looking for story ideas and could use your help. If it's good, you may even get a gift from John of his choosing.
5 months ago

Sponsored Articles

Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
Swedish Cyberknife 900x506...

June is Men’s Health Month: Here’s Why It’s Important To Speak About Your Health

According to the Centers for Disease Control and Prevention, men in the United States, on average, die five years earlier than women.
...

Anacortes – A Must Visit Summertime Destination

While Anacortes is certainly on the way to the San Juan Islands (SJI), it is not just a destination to get to the ferry… Anacortes is a destination in and of itself!
...

Ready for your 2022 Alaskan Adventure with Celebrity Cruises?

Celebrity Cruises SPONSORED — A round-trip Alaska cruise from Seattle is an amazing treat for you and a loved one. Not only are you able to see and explore some of the most incredible and visually appealing natural sights on the planet, but you’re also able to relax and re-energize while aboard a luxury cruise […]
...

Compassion International Is Determined to ‘Fill’ a Unique Type of Football ‘Stadium’

Compassion International SPONSORED — During this fall’s football season—and as the pandemic continues to impact the entire globe—one organization has been urging caring individuals to help it “fill” a unique type of “stadium” in order to make a lasting difference in the lives of many. Compassion International’s distinctive Fill the Stadium (FtS, fillthestadium.com) initiative provides […]
...

What are the Strongest, Greenest, Best Windows?

Lake Washington Windows & Doors SPONSORED — Fiberglass windows are an excellent choice for window replacement due to their fundamental strength and durability. There is no other type of window that lasts as long as fiberglass; so why go with anything else? Fiberglass windows are 8x stronger than vinyl, lower maintenance than wood, more thermally […]
Got parking? You can for at least $20,000