Garage for rent at €70 and still no takers
A forum user is trying to rent out his garage for €70 a month with no success. Is the parking space business over, or is it just a pricing problem?
English · Original discussion in Spanish · Published
The garage market is showing real cracks
A forum user is trying to rent out his parking space for €70 a month and, after two weeks of complete silence, has run into the harsh reality of today's property market. The paradox is obvious: the neighbourhood is full of high-end cars, yet nobody seems willing to pay for a space to park them, raising the question of whether garage rentals are still a profitable business or a mirage of the past.
Is it the price or the location?
The Burbuja.info community quickly split over this case. While some users suggest that €70 is above market rate and recommend dropping it to €45-50 to find a tenant, others point to structural factors. The main argument is that renting out garages in residential areas where parking is not an ordeal is a business doomed to fail. It is noted that most new cars are leased and that, in many cases, drivers would rather risk the odd scrape than pay nearly €1,000 a year for a space.
The disconnect between the car fleet and demand
The debate goes beyond the price anecdote. Discussion centres on how declining purchasing power and changing mobility habits —with the spread of e-scooters and the lack of any real need for a private car in certain areas— are drying up demand. Some forum users, with their usual scepticism, suggest the problem is not the price but the location, comparing prices in Madrid or Valencia with areas where supply clearly outstrips demand.
Are we witnessing the end of the garage as a safe-haven asset? The lack of calls at €70 is a thermometer showing that, even in small assets, the market is starting to say enough is enough. The open question is whether the owner will be forced to lower the price, or whether the asset has simply lost its use value in an increasingly suffocating economy.
Related forum debates
A forum user is trying to rent out his parking space for €70 a month and, after two weeks of complete silence, has run into the harsh reality of today's property market. The paradox is obvious: the neighbourhood is full of high-end cars, yet nobody seems willing to pay for a space to park them, raising the question of whether garage rentals are still a profitable business or a mirage of the past.
Is it the price or the location?
The Burbuja.info community quickly split over this case. While some users suggest that €70 is above market rate and recommend dropping it to €45-50 to find a tenant, others point to structural factors. The main argument is that renting out garages in residential areas where parking is not an ordeal is a business doomed to fail. It is noted that most new cars are leased and that, in many cases, drivers would rather risk the odd scrape than pay nearly €1,000 a year for a space.
The disconnect between the car fleet and demand
The debate goes beyond the price anecdote. Discussion centres on how declining purchasing power and changing mobility habits —with the spread of e-scooters and the lack of any real need for a private car in certain areas— are drying up demand. Some forum users, with their usual scepticism, suggest the problem is not the price but the location, comparing prices in Madrid or Valencia with areas where supply clearly outstrips demand.
Are we witnessing the end of the garage as a safe-haven asset? The lack of calls at €70 is a thermometer showing that, even in small assets, the market is starting to say enough is enough. The open question is whether the owner will be forced to lower the price, or whether the asset has simply lost its use value in an increasingly suffocating economy.
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Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication. Read the full discussion (16 replies).
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