Downtown Milwaukee parking costs below national average

The average monthly unreserved parking rate in downtown Milwaukee is $110, well below the national downtown parking rate average of $154.23, according to a new report from Boston-based Colliers International.

The average monthly reserved parking rate in downtown Milwaukee is $136, compared to the national average of $188.75.

The average daily parking rate in downtown Milwaukee is $12, compared to the national average of $15.96 and the average hourly parking rate in downtown Milwaukee is $3, compared to the national average of $5.57.

The most expensive place to park in the U.S. is midtown Manhattan, where the average monthly cost for unreserved parking is $550.

The least expensive place to park in the U.S. is Bakersfield, Calif., where the average monthly cost for unreserved parking is $40.

Despite downtown Milwaukee's low parking rates, parking here is more expensive than in several major cities including: Indianapolis, St. Louis, Charlotte, N.C., Atlanta, Dallas, Kansas City, Phoenix, Orlando and Memphis.