The Sound Transit board has approved a new lease for 103 parking spaces it rents from a development next to the train station. (Sue Misao / The Herald)

The Sound Transit board has approved a new lease for 103 parking spaces it rents from a development next to the train station. (Sue Misao / The Herald)

Free Sound Transit parking is getting costlier in Edmonds

Rent is rising 13 percent for spots Sound Transit leases near the Edmonds Sounder Station.

EDMONDS — A slab of asphalt in downtown Edmonds can cost more to rent than a roof, four walls and a refrigerator elsewhere.

Such is the reality of today’s real estate market and the growing demand for commuter parking.

The price of providing free commuter parking is rising 13 percent for spots Sound Transit leases near the Edmonds Sounder Station.

The Sound Transit board in late June approved a new lease for 103 parking spaces it rents from a development next to the train station. Each stall will cost Sound Transit about $190 a month, a $22 increase.

A standard parking space in Snohomish County is about 161.5 square feet. At $190 a month per stall, that means Sound Transit is paying about $1.17 per square foot.

That’s not much less than it would take to lease an apartment in Marysville, where the average rental is about $1.26 per square foot. But it is more than apartments in Idaho where rent can be found at $0.93 a square foot. Those numbers are calculations provided by the online real estate company Zillow.

Despite the increasing rent for a parking stall, the price is perhaps one of the better deals for space in Edmonds.

The median rent in Edmonds is $2,145 or about $1.69 per square foot, according to Zillow.

In addition to the spaces Sound Transit rents, the agency owns another 156 spaces around the station.

Together, the two lots provide 259 parking spots, and 95 percent of those are occupied most weekdays, according to data collected by the Puget Sound Regional Council.

The new five-year lease has Sound Transit paying $19,570 each month to the Salish Crossing development. The agreement stipulates a 4 percent rent increase each year.

Under the current lease, rent increased 3 percent each year. In the last year of the rental agreement, Sound Transit paid $17,389 per month for the parking spaces.

Nearby lots charge upward of $239 a month for a spot. There are other lots that charge less than $190 a month, but Sound Transit said they didn’t have enough spaces.

Lizz Giordano: 425-374-4165; egiordano@heraldnet.com; Twitter: @lizzgior.

Talk to us

More in Local News

Sherman Pruitt 2020
Edmonds mayor picks Sherman Pruitt to be next police chief

He currently serves as chief of police for the Sauk-Suiattle Police Department near Darrington.

Snohomish County Jail. (Sue Misao / Herald file)
Snohomish County Jail employee charged in drug smuggling

Alexis Wafstet was charged with drug possession. Several inmates were allegedly in on the plot.

Linda Redmon
Snohomish council leader announces early for mayor campaign

City Councilmember Linda Redmon is the first to file in the race. Mayor John Kartak has not said if he will run again.

Break on surface water fee means less money for environment

The Snohomish County Council voted to nix an annual fee increase that funds preservation work.

Pair of Nikes leads to bank robbery arrest in south Everett

The suspect allegedly took $1,000 in cash from a KeyBank. He was found a few blocks away.

Man, 80, who died in hit-and-run near Lynnwood identified

Jung K. Moon was on the sidewalk when he was struck by a pickup truck. The driver has been arrested.

Deputies: Armed man dressed as cop attacks man near Everett

The suspect allegedly wore police badges and aimed a gun at a man after pushing him to the ground.

Sarah Calvo pours icing on to a cinnamon roll at the Maltby Cafe while Kylie King checks take out orders on Thursday, Dec. 3, 2020 in Maltby, Washington. A GoFundMe fundraising page continues to grow, raising more than $80,000 from 1,200 people in just a few days. Owners Tana Baumler and Sandra Albright thought they were going to closed before the website donations made them pause their decision. (Andy Bronson / The Herald)
Miracle in Maltby: Community support saves small-town cafe

Owners of the Maltby Cafe feared closure, but a wave of business and donations has thwarted the end.

16,000 fentanyl pills, pounds of meth, heroin seized in bust

Eight suspects were indicted in U.S. District Court in Seattle, including five from Snohomish County.

Most Read