Have you ever thought of parking facilities as an investment vehicle? Not many people actually think of parking garages as great investment opportunities. But, for a minute, just think about it. Garages charge parking fees, and therefore, such an opportunity not only exists but is a value and also a parking investment.
There are companies that manage and invest in these facilities, which are big corporations with a lot of assets under their collective belts. Think some more about this. There are fee charging parking facilities all over our country and Canada. You usually cannot go to the doctor’s or to a hospital without paying a parking fee. Often, large retail facilities or malls have paid parking, too. Commercial office buildings usually have parking that is paid for as well, either by the employees or by their employer. In tourist areas all over the country, visitors pay to park.
Some of the parking investment companies have over $40 billion in completed parking facilities. That means they have created over $40 billion in assets. They then may have $3 billion in parking facilities they manage. These parking investment companies perform a vital service in today’s market.
There are parking investment companies that have, over 20+ years, worked as real estate professionals who work with the best investors and companies to increase their portfolios.
If this type of investment is to your liking, and you want to know more, reach out to the best of these companies. Please reach out to the parking consultants at Parking Advisors, Inc.
