How Much Does a Parking Spot Cost in Philadelphia? We Asked Dr. Kevin Gillen.

Posted on Aug 17, 2017


The answer is as complicated as you'd think. As Philadelphia's neighborhoods grow, an increasing number of cars are competing for the limited amount of free and low cost spaces. That bubble may be about to burst, but in order to charge for parking, we need to understand how much does a parking spot cost in Philadelphia? How much should it cost?

To answer these questions, Houwzer has called on Dr. Kevin Gillen, our Senior Economic Advisor and Senior Research Fellow at the Lindy Institute for Urban Innovation. In order to set the fair market price for a space, he set out to understand "What Price Do Philadelphians Really Place On Their Parking?" Read the full report here.


Recent Articles

10 Tips To Minimize Stress When Selling Your Home

10 Tips To Minimize Stress When Selling Your Home

Posted on Aug 06, 2018

Selling your home without a plan will end up costing you emotionally and financially. Here are ten strategies we suggest that will help get you to the closing table with your sanity intact.

A home is oftentimes the largest asset you have. You invested a large sum of your hard-earned money into it and the price you can fetch for your home can have a significant impact on the future, including your ability to purchase your next dream home. 

What Happens When Philadelphia Tax Abatements Expire? Part III

What Happens When Philadelphia Tax Abatements Expire? Part III

Posted on Jun 22, 2018

This blog is the third in Houwzer Senior Economic Advisor Kevin Gillen's three-part research series examining how successful and beneficial the tax abatement program has been so far. Part one of the series examined the transaction volume after the abatements expired. Part two examined what happened to the properties' market values post-abatement. This final piece uncovers the disparity between what buyers paid for an abatement and its actual value, as well as the reasons behind the disparity.