Two years ago we posed the question, Who Wants To Be A Buenos Aires Parking Lot Millionaire? Turns out it was no joke.
Buenos Aires parking rates are soaring as private lot owners raise rates only six months after another double-digit increase earlier this year.
Garages Are Charging Up To $1,700 Pesos For A Monthly Parking Space is the headline in today’s iProfesional article which says most private lot owners have started raising parking rates 15 to 20%. In April, most of the same garages raised their prices 20 to 30% after the parking lot worker’s union negotiated a 29% salary increase.
Buenos Aires neighborhoods where monthly parking spaces cost between US$200 and US$300 per month include Puerto Madero, Belgrano, Recoleta, Palermo and Barrio Norte. Monthly parking spaces in barrios like Balvanera, Caballito, Congreso, Flores, San Telmo and Villa Urquiza cost between US$150 and US$200 monthly. (Full Story in Spanish)
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