This article notes that the same amount of monthly rent that would get you a nice apartment in Houston would get you something nice in Manhattan, too — a parking space!:

Keeping a car at Time Warner Center across from Central Park runs about $550 to $600 a month. One- bedroom rentals are available for $500 to $600 in Greensboro, North Carolina; Austin, Texas; Cincinnati; and Oklahoma City, . . . Space is at a premium in Manhattan, home to about 1.56 million people, as outdoor lots and garages are converted into housing and new construction eats up what little land is available.
That opens a door for some building owners to tout their parking services. At 170 East End Avenue, architect Peter Marino designed parking spots as “couture homes for your car,” with each space planned and presented to the buyer in the building’s sales office, . . .
At One Beacon Court across East 59th Street from Bloomingdale’s, where available apartments sell for $5.9 million to $17 million, residents have access to valet parking at a nearby garage, with their cars delivered to the building’s entrance.
Rates are $600 a month, $700 for an oversized vehicle.

And I thought that $7 charge at the Civic Center Parking Garage for a couple of hours of parking last week was stiff! ;^) Hat tip to Craig Newmark for the link.