Parking spaces hot new find on real estate market

Last week, the IRS sold two parking spaces in Boston for $560,000 while one space in San Francisco was purchased for $82,000. According to real estate experts, as cities become more crowded and parking spaces become scarce, the demand for prime parking spaces will increase. This could also drive the prices of these spaces up as more people look for places to park in crowded areas.

For more about this growing real estate trend read, “Real Estate’s Hot New Commodity: Parking Spots.”

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