Offer your thoughts or opinion on the input financial query or topic using your financial background.

Are parking spaces and garage boxes a good investment?
If the company that owns the lot is selling them it is doing so because it feels it will make more money doing so.  You need to read carefully what it is you are getting and what the guarantees are from the owner of the property and the parking structure.  I have heard from friends in Chicago that said there are people who will sell spaces they do not own as a scam.  There are also companies that declare bankruptcy and go out of business after signing long term leases for their spots.  They sell the lot to another company(which they have an interest in) and all the leases that they sold are now void so they can resell the spots.  Because of this if I were going to invest in a parking space, I would make sure: The company making the offer is reputable and solvent Check for plans for major construction/demolition nearby that would impact your short and long term prospects for rent. Full time Rental would Recoup my investment in less than 5 years.  Preferably 3 years.  The risk on this is too high for me with out that kind of return.