Houston Parking

 

There are many lucrative areas in Houston where a paid parking lot or garage would yield high returns.

As Houston continues to develop, parking space becomes more and more of a premium. Because so many Houstonians have their own personal vehicles, paid parking lots and garages have the potential to offer high returns to investors. 

Houston has three major professional sports teams, of which fans will pay top dollar for convenient parking on game days. There are also retail and restaurant areas, such as in the Galleria, where the public would willingly pay to keep their car covered and safe from vandalism and the elements while they shop and dine. Even at airports, where many travelers arrive in their own vehicle rather than a taxi, there is a need for long- and short-term parking. While minimal compared to other investments, parking lots and garages do require some maintenance and upkeep, such as security, kiosk maintenance, and cleaning. These costs provide the public with a user-friendly experience, resulting in returning customers due to a familiar and safe atmosphere.

The best part about owning parking lots and garages is that, aside from the occasional maintenance, they are autonomous. There’s no need to hire hourly workers to interact with customers, as today’s modern parking technology provides endless solutions, from robotic valet to garages that count and advertise available spaces.

As you look into investing in parking properties, let CXRE help. CXRE offers an experienced team of brokers who can help bring you to a quick investment with same-day tours and next day LOIs. Let us do the hard work for you, in order to quickly and easily expand your investment portfolio.

 

Regardless of your needs, CXRE’s premier Houston brokers are ready to assist you. Also by working with Houston’s efficient and innovative commercial real estate specialists, you can take full advantage of Houston’s expanding market.

CXRE Southwest Freeway Leasing Office

6671 Southwest Freeway Suite 300
Houston, TX 77074
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Tel: (855) 713-2973

CXRE Commercial Brokers, Office Leasing and Property Management

19747 US-59 #210
Humble, TX 77338
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CXRE – Commercial Real Estate Property Managers

700 Louisiana St Suite #3950
Houston, TX 77002
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23122 Valley Ranch Parkway
Houston, TX 77365
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