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.

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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.