Honolulu, Hawaii/USA

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.

About Colliers International

Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,092 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918 square feet, and has revenue of $US 1,620,958,349.

Contact Information

For further information please contact Andrew D. Friedlander at 808.523.9797 or via email at andrew@colliershawaii.com or Mike Y. Hamasu at 808.523.9792 or via email at mike@colliershawaii.com.

 back to top