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Premium Parking Space Comes With Big Price Tag

RENEE MONTAGNE, HOST:

And our last word in business today is: Premium Parking.

A parking spot in London is on the market for $465,000. That buys an outdoor location near Buckingham Palace and a 91-year lease.

DAVID GREENE, HOST:

The price tag is more than two spots sold in Boston this summer off and go for $280,000 apiece. But with London's daily parking go fees running at $60, it's actually a deal actually - at only $14 a day.

MONTAGNE: If you park there for 91 years.

GREENE: If. That's a big if.

That's the business news on MORNING EDITION from NPR News. I'm David Greene.

MONTAGNE: And I'm Renee Montagne.

(SOUNDBITE OF MUSIC) Transcript provided by NPR, Copyright NPR.