Parking lots offer safe haven for real-estate investors

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If you’re scouting the ravaged commercial real estate sector for a safe haven, parking lots mabe worth a look.

If you can find one to bid on before it’s snatched up, that is. And if the price isn’t already well out of your range.

“A surface parking lot offers a good rate of return and its rewards are as close to being recession-proof as you’re going to get,” says Ross Moore, chief economist for Boston commercial real estate firm, Colliers International.

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Tags : real estate
Kells Hetherington