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Parking Lots and Facilities Reported Close to Recession-Proof

Park it Here

More than ever, investors are looking for good business opportunities and ways to protect their investments from recession. Parking may offer that solution.

Economists, research firms and other organizations are consistently reporting that parking lots and facilities are good investment opportunities in the commercial real estate sector.

Parking Investment

When asked why institutional capital is attracted to the parking industry, Emanuel Eads, CEO of Central Parking (USA), stated: “Well, it’s three simple words: earnings, cash, growth.” Those three items make the parking industry ripe for the picking as investors look to diversify away from volatile stocks and vulnerable bonds, according to a 2008 Parking Today article.

“Demand for parking seems to be more recession-proof, and this affords space owners and operators the opportunity to hold prices close to year-ago levels. Moreover, when the economy rebounds, the markedly rising parking rates of years past are expected to return, according to Colliers International in…

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This entry was posted on April 13, 2013 by .
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