Parking space

$332,000 For A Single-Car Garage Is Urban Sprawl In Action

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2,000 For A Single-Car Garage Is Urban Sprawl In Action

Photo: realestate.com.au A single-car garage in Sydney, Australia, recently sold for 500,000 Australian dollars, or $332,000. Yes, it’s just a garage. The sky-high prices reflect the high demand for parking in desirable inner-city areas and a lack of standalone garages. A local realtor told Yahoo Finance that up to 12 percent of a property’s value … Read more

Suburban American Garages Are Getting Smaller Just As Cars Are Getting Bigger

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Suburban American Garages Are Getting Smaller Just As Cars Are Getting Bigger

Everything in the world operates on boom and bust cycles, including the size of garages. From the 1960s to the 2000s the average standardized two car garage ballooned from 20 feet by 20 feet to 24 by 24, but in the last decade that growth has been completely reversed and new construction homes are back … Read more