The trend over the past couple of years has seen demand for parking spaces intensify. There are a couple of explanations to explain this recent growth. The first is that larger companies are beginning to acquire them for their workforce. Running in parallel is government policy to reduce cars in the city by cutting parking supply. The allocation of parking spaces within developments continues to fall and the chances of new city car parking stations being developed are close to zero. The determining factor for the price of car spaces is based on level, the most convenient spaces are those nearest ground level and as such they achieve the highest price. I have one of the best positioned car spaces available in the building, ground floor next to the entry and exit. The car parking station is located at 251 - 255 Clarence Street, it is a gated multi-storey car park in the heart of the city. According to the strata plan this car parking spaces measures 14 square metres. According to Google maps the car park is located 190 metres to Town Hall Station, 200 metres to Queen Victoria Building, 600 metres to GPO Martin Place, 800 metres to Wynyard Station. There are several rates and levies to pay when owning individual city parking spaces, prior to signing any contract of sale I would recommend that you make your own enquiries.