Parking is at a premium in bustling urban spaces like New York, but this private Manhattan garage comes with a million dollar reserve price. If you thought your monthly parking pass was pricey enough, consider it a steal when compared to this lofty lot.
The garage is located on 66 E. 11th Street in the downtown New York hub. Although the space is just 12 feet in width and 23 feet long, its costly charge comes with some added perks. The private space allows city dwellers and commuters to remain unseen once they have entered the premise. While this may appeal to celebrities like Beyonce and Blue Ivy, the soaring fare seems overpriced for even New Yorkers.
Parking wars are clearly becoming reality as prices for lots escalate like this private manhattan garage.
$1 Millon Parking Spot
This Private Manhattan Garage Boasts a Serious Price Tag
Trend Themes
1. Escalating Parking Prices - The rising cost of parking spaces, such as this million-dollar Manhattan garage, indicates a trend towards higher prices for parking lots.
2. Premium Private Parking - The demand for exclusive and private parking spaces, like this 12ft by 23ft Manhattan garage, presents opportunities for businesses to cater to high-end customers seeking convenience and privacy.
3. Concealed Parking Spaces - The desire for anonymity and privacy in parking solutions, like the unseen entrance of this private Manhattan garage, could be a disruptive innovation for parking facilities and services.
Industry Implications
1. Real Estate - The real estate industry can explore the potential of offering high-value parking spaces like the million-dollar Manhattan garage as a premium amenity to enhance property value and appeal.
2. Technology - Technological advancements in parking systems and facilities can provide innovative solutions that cater to the demand for exclusive and concealed parking spaces, like the private Manhattan garage.
3. Luxury Services - Luxury service providers can capitalize on the growing desire for premium parking experiences by offering valet services, personalized parking management, and exclusive access to concealed parking spaces, like the high-priced Manhattan garage.