Parking Cartel in Hoboken?
A year and a half – 11%+ parking rate increase in Hoboken
18 months ago, we talked about how parking garages all seemingly raised their monthly rates simultaneously – as if they were in a “parking cartel” in cahoots with one another.
Well – it seems that the Little Man Garage on Hudson Street went up over 11% recently. Did your salary go up 11%?
Steep increases at Hoboken Parking Garages
Exactly what overhead do these parking garages even have? It’s not like fuel or food costs affect them. Do they simply know that parking sucks in Hoboken, and they can get away with it?
Additionally, I find it a bit suspicious that the increases came nearly at the same time – as if they’re working together to coordinate.
How much do you pay for your parking spot?