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Mike Graham
President Ruxton’s Trading Post
Asked a question last year

What is a parking space worth? A space in front of businesses on the street. I think it is worth $500 in business per day to our community. Or $182,500 per year. What do you think?

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Hey Mike, we don't have data on the value of a parking space; however, we have documented the cost to construct parking space—about $5,0000-$10,000—plus additional costs of parking:

This is often a concern for business owners who risk to lose a few parking spaces in front of their business. However, studies have shown that sales often increase and customers continue to have plenty of parking options: