Does anyone have experience with investing in parking spaces/lots?

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January 25, 2022

by a searcher from The Ohio State University - Max M. Fisher College of Business in London, UK

I'm interested to learn more about investing in parking spaces and small lots. Would love to chat with someone who has invested in a parking space to understand the structure and return profile of this type of investment. Thanks!

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Reply by a searcher
from East Carolina University in Atlanta, GA, USA
following...as i have listened to a number of podcast interviews last year regarding the parking space industry. The key is finding an operator to run the space and acquiring spaces for a reasonable price (obvious). I think it would be good target industry if/when the economy crashes. Only risk i see is the remote/work from home movement. But there will always be a need for "premium" parking lots - around eateries, sporting events, concerts.
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Reply by a searcher
from Columbia University in New York, NY, USA
Its an interesting space very RE dependent but strong revenue model. Outside of major cities, airport park and ride businesses offer a similar proposition while adding more business value and coming at lower RE dependent pricing
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