Avito Real Estate’s market analysis, drawn from activity across 33 major cities, reveals notable shifts in October. In Russia, demand for buying garages rose by 17 percent year over year, while demand for parking spaces increased by 39 percent compared with October 2022. In the same period, supply in the garage segment fell by 12 percent, and the number of parking spaces sold grew by about 7 percent, indicating tighter availability alongside rising interest in secure storage and vehicle housing options.
Oleg Izotov, head of the commercial real estate category at Avito, notes that garages are becoming less common as a format in the market, yet prices rose by an average of 17 percent over the year, with the typical price around 350,000 rubles. The data suggests garages remain a valued asset despite a shrinking catalog, reflecting a broader trend toward private vehicle storage amid urban development and changing housing patterns.
Speaking on parking spaces, Izotov observes that parking facilities are increasingly developed in tandem with new residential areas, supporting ongoing demand for accessible parking. Across the country, parking slots command an average price near 800,000 rubles, underscoring the perceived value of on-site or nearby parking as urban growth continues.
Analysts from Autostat report that at the start of the year there were about 315 cars for every thousand Russians. Motorization has been moving slowly, with last year showing 318 per thousand and 2021 recording 313 per thousand—signs of gradual but persistent growth in vehicle ownership. Relative to global patterns, Russia’s vehicle density trails the typical 400–500 cars per thousand found in many Eastern economies, a gap noted by automotive expert Vladimir Bespalov.
These domestic dynamics offer a useful frame of reference for peers in Canada and the United States. In North America, where urban density and housing costs push many toward smaller, more efficient living footprints, demand for private parking and secure vehicle storage follows similar rhythms: buyers seek convenience, proximity to work and transit, and the sense of security that comes with owned parking. While price scales differ due to local markets, the underlying drivers—urban growth, development of parking infrastructure near residential zones, and a preference for protected storage—remain aligned with the experiences seen in Russia.
From a broader perspective, the movement of garages from a traditional, standalone format toward integrated, location-aware storage solutions reflects a shift in how people value access and proximity in their daily routines. In markets with rising housing costs, the appeal of a dedicated space for a vehicle increases even as the physical footprint of garage stock tightens. For households evaluating options in larger Canadian and American cities, this can translate into a premium placed on properties with built-in or nearby parking infrastructure, or in some cases, a willingness to invest in covered, secure spaces within mixed-use developments.
Looking ahead, observers anticipate continued price resilience in parking and garage segments as urban development progresses. The trend toward including parking facilities in new residential projects helps stabilize prices, while ongoing consolidation in the garage market may influence availability and pricing dynamics. Buyers and investors should monitor changes in supply, zoning updates, and transportation planning that affect access to off-street storage and parking.
For industry watchers and consumers alike, these patterns underscore the interplay between urban growth, housing design, and mobility needs. While the specifics of national markets vary, the core ideas—securing space, ensuring convenience, and aligning with evolving city plans—remain central to decision-making in both the Russian context and North American cities. In each locale, informed choices hinge on local price levels, the pace of new construction, and the long-term value placed on easy, reliable parking.
Endnotes and sources reference market data from Avito Real Estate and Autostat, with contextual analysis provided by industry observers. The details reflect observed activity and pricing changes within October and the start of the year, offering a comparative lens for readers across Canada and the United States who consider how parking and garage assets fit into broader real estate strategies.