Renting your empty parking space can be an excellent way to make money. It is important that you price your space so that renters will benefit from convenient parking at a reasonable price. Pricing is one of the most important factors to ensure your space is rented often. We have analyzed hourly, daily, and monthly rates for both day and overnight parking to provide a range of suggested rates.
These parking rate suggestions are based on current rates being charged in HRM. One way to encourage rentals of your parking space is to set your rates slightly lower than the maximum amount being charged by competitors in your area.
|Type of Rate||Typical Hours||Amount|
|Hourly daytime||8am-6pm||$1.00 -$4.00 per hour|
|Daily||8am-6pm||$6.00-$20.00 per day|
|Hourly overnight||6pm-6am||$.25-$1.75 per hour|
|Nightly||6pm-6am or Winter Parking Ban||$2.00- $18.00 per night|
The parking rates listed above are only suggestions. Final decisions on reasonable and fair parking rates are up to you.
Park180 collects a 20% commission from the rental of each space. This commission is taken from the space owner. You should account for this when you price your space.