Top 10 Most Expensive Parking Spots Around The World
The number of cars in the world just keeps getting bigger and bigger with each passing day. As a result, there is always a need for parking spaces, especially in towns with older infrastructure.
Finding a parking spot takes more time than actually driving in big cities, and as the population continues to rise and housing becomes more congested, people need more room for their cars.
Because of this, decent parking spaces are always more expensive, and today we'll look at where the most expensive parking spaces are worldwide.
Top 10 Most Costly Parking Spaces Around The World
- Trafalgar Square in London
- O’Hare International Airport in Chicago
- GM Building in New York
- Hong Kong
- Barclays Center in New York
- 66 East 11th Street in New York
- The Moon
- Hotel Ritz in Paris
- Hamilton Scotts in Singapore
- USS Ronald Reagan
10. Trafalgar Square in London
With a population of more than 8.3 million and a constant stream of tourists, London is one of the busiest cities in the world. It is not surprising that there is a constant demand for additional station spots in the city; a CNN estimate suggests that parking stations in London cost $1,084 on average.
Parking around Trafalgar Square costs a cool $62.25 per day. This means that if you leave your car there for a year, you'll have to pay $22,700, which is more than you would pay for a brand-new car.
9. O’Hare International Airport in Chicago
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When you leave your car in the parking lot of O'Hare International Airport in Chicago, it will probably stay there for at least a few days because airports typically have a lot of people using them.
O'Hare International Airport, Chicago's main airport, is one of the busiest airports in the world in terms of the number of takeoffs and landings. With such a huge amount of traffic, it makes sense that parking here will be quite expensive.
However, if you leave your car here, you might as well sell it to the first person you see and buy a new one when you return because the price they ask would reach $105,761 per year.
8. The General Motors Building
This is one of the most well-known and expensive office buildings in all of New York. It is located on Fifth Avenue in the heart of Manhattan. Since Edward Durell Stone & Associates designed the 50-story tower, which is now a Big Apple landmark, tourists regularly crowd the structure.
Since it was constructed in 1968, when the number of cars was significantly lower, the building's parking options are also quite limited. $316,800 is the cost of parking your car at the GM Building for a year.
7. Hong Kong
One of the world's most populated places and the world's largest business center, Hong Kong is a city on very little land. It is one of the world's most vertical cities due to its dense infrastructure and contemporary architecture, and the public transportation system is one of the best in the world, designed to serve 90% of the population.
Despite the agitation, driving through the city in a car is quite different, and there are plenty of parking spots in every neighborhood and region. If you live in the city, public transportation might be a better option because parking costs around $9,000 and can even reach $640,000 over the course of a year.
6. Barclays Center in New York
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Located in Brooklyn on a platform above the Metropolitan Transportation Authority, the stunning Barclays Center is actually a component of Pacific Park, a contemporary business and residential complex.
The Brooklyn Nets and the New York Islanders are the two teams that draw crowds to this venue, which is packed most of the time due to numerous concerts and other events.
It would appear that Jay-Z is the parking owner here. He invested a lot of money in the arena and then bought the parking areas. People who want to park their cars here pay almost a million dollars a year.
5. 66 East 11th Street in New York:
As you probably already know, the most expensive parking spots in the world are typically found in big cities. New York has three spots on this list, with the most expensive one in Greenwich Village, a charming neighborhood on the west side of Lower Manhattan.
One of the most opulent addresses in all of New York is 66 East Eleventh Street, where you can find some of the most stunning properties in town and a breathtaking condominium building. But parking is very, very expensive here; if you count for the year, parking your car here will cost you $1 million.
4. The Moon
Even though we are aware that this list is actually about the parking spaces that cost the most in the world, we cannot ignore the Moon, right? The Apollo program, which was estimated to have cost $132 billion, was the first time humans reached Earth's natural satellite. Today, however, transportation to the Moon is much less expensive.
The costs to acquire a vehicle there are estimated to be around three million, which is still significantly less than our top three entries if someone were to have the fortitude to construct a parking lot directly on the Moon.
3. The Hotel Ritz in Paris
This is one of the most popular tourist destinations in the world. The French capital is known for its level of luxury and exclusivity.
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The Ritz is one of the most opulent hotels in the city. If you own a room, you can park your car here for free. However, a room at the hotel costs $22,000 per night—that's $7.9 million over the course of a year.
2. Hamilton Scotts in Singapore
Singapore, an island city-state and one of the busiest places in the world with a growing population of over 5 million people, is also home to Hamilton Scotts. When you factor in the large number of tourists who visit Singapore each year, it's easy to see why parking is always a problem in this exciting city.
In the heart of Singapore, Reignwood Hamilton Scotts is an incredible, opulent development that provides an intriguing solution to the parking issue facing the city.
The sky garage in the penthouse of this 30-story building lets homeowners park their cars next to the living room. You should be aware that the penthouse and its sky garage will set you back $24 million if that sounds amazing to you.
1. USS Ronald Reagan
The famous nuclear-powered supercarrier USS Ronald Reagan is owned by the US Navy. However, since there is a lot of space on the ship, you might be able to bring your car along for a ride if you have the money.
The only thing you need to do is purchase the entire battleship first, which, taking into account all legal and military considerations, will cost approximately $4.5 billion. On the plus side, though, it has room for all of your cars and the cars of your friends.
