Despite a general improvement in economic conditions, most parking garage owners and operators did not increase parking rates during the last 12 months. which came as a relief to businesses and consumers confronting significantly higher gas prices.
In both Canada and the U.S, parking rates registered little change over the past twelve months with exception of a few secondary markets. A handful of cities saw double-digit increases, but in most markets parking rates held steady, rose marginally, or dropped by just a few percent. This somewhat directionless pattern largely reflects the uneven nature of the current economic recovery...
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