Brisbane Carparks become Prime Rental Space

In Brisbane (and many other Australian capital cities), demand for inner-city carpark in space has created a mini property boom as spare parking bays in city highrises and apartment blocks become prime rental spaces.

The average cost of renting a park in Brisbane now stands at $435 a month – or $43.50 a square metre – after growing 30 per cent a year since 2005.

One great advantage of renting your own parking space is that you get 24×7 access and can come and go as you please. Although more than $400 a month may seem light a lot to pay for parking, it is actually a bargain when compared to casual parking rates which are charged every time come or go.

Last year SpaceOut Highlighted in our City drive-in robbery – Brisbane carpark costs soar post that Brisbane drivers wishing to park in the city were  paying on average $45 a day (that’s over $200 a week), and the rates have continued to rise…. currently  Brisbane casual parking can cost up to $70 a day.

Collaborative Consumption

Renting out your unused parking space – or a spare bedroom for storage – or an unused corner or room at your workplace is a great example of the increasingly popular collaborative consumption movement, where people “share” resources.  For the space owner, it is a great way to earn some extra income, and for the space renter it is a great way to find a rental space that is cheap and convenient, and to save money on commercial rental rates.

SpaceOut provides a service which makes it easy for people with spare or unused space, to list and rent it out to those who need the space.


Read more: http://www.spaceout.com.au/blog/parking-space/brisbane-carparks-become-prime-rental-space#ixzz1Xy56Q09e

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