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By Sheet Bend (anonymous) | Posted August 14, 2012 at 13:59:29 in reply to Comment 79759
As the land becomes more valuable it will become prohibitively expensive to use it inefficiently, whether you're parking a car or a boat. Surface lots will become more valuable as footprints for mixed-use (retail/commercial/office/residential) buildings. That's possibly why you see few boats docked at the V&A Waterfront marina. The space is valuable, so the market determines the price. If waterfront tenants are paying $1 million for a 2BR condo, you can bet that berths and parking spots will command a healthy sum as well.
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