NYC tops US in parking fees; London most expensive

July 7, 2011 - 3:00 PM

NEW YORK (AP) — It's not just New York City apartments that are expensive — so are parking spaces.

An annual survey of parking rates across the United States finds that midtown and downtown Manhattan are the most expensive places in the country to put your car. The median monthly rate is $541 in midtown and $533 downtown. The national average of medians is just over $155.

But New York City parkers can at least be glad they're not in London. The survey from Colliers International found the most expensive monthly parking rate in the world there, at $1,084.

Colliers chief economist Ross Moore says parking rates have been more or less flat in the last couple of years across the U.S. because of the overall economic downturn.