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The Honolulu Advertiser
Updated at 1:42 p.m., Thursday, July 10, 2008

PARKING FEES
Downtown Honolulu tops daily parking cost list

Advertiser Staff

Downtown Honolulu has the most-expensive median daily parking rate among 53 U.S. cities studied in a new survey.

The report by Colliers International, a commercial real estate company, found it cost $44 a day to park downtown, topping such areas as New York's Midtown Manhattan and Chicago.

Honolulu's rate was up from last year's $32 rate that Colliers found and almost three times the national average of $15.42.

Local parking rates fared better when compared on a monthly basis, though, with Honolulu ranking ninth-highest among the U.S. cities reviewed.

Colliers said the monthly median parking rate was $216 for Downtown Honolulu.

That compared with the nation's highest rate of $585 found in Midtown Manhattan.

Colliers said parking owners and operators continue to feel bullish about their business, reflecting a limited supply in many markets.