Boston Resident Earns Over $40,000 from Parking Space Rental on Spacer Amid Soaring Demand

Keyan Golestaneh with his girlfriend ● Photo via Spacer

SAN FRANCISCO, May 3, 2024 (VSNewsNetwork.com) - Keyan Golestaneh, a Boston resident, has turned his spare parking space into a lucrative side hustle, earning over $40,000, as reported by Spacer. The digital marketplace has experienced a significant 1,144% increase in demand for parking spaces in North America, helping hosts like Golestaneh substantially boost their incomes.

Golestaneh, who works in commercial property development, has been using Spacer to offset his mortgage payments by renting out his parking spot. “I bought my home a few years ago and with the cost-of-living crisis decided to rent out my parking on Spacer. Within just a couple of weeks, I got a booking, and ever since it’s been rented out,” Golestaneh shared.

He further explained the appeal of his offering, noting that his renters typically include young professionals, teachers, and nurses who appreciate the security and cost-effectiveness of his monthly rental over on-street parking. “It works for them as it’s cheaper and safer than on-street parking; they’re guaranteed a parking space so it saves them time and they don’t get tickets. It’s so in demand I have a waiting list,” he added.

Spacer's platform is part of the burgeoning sharing economy, which is anticipated to reach a global value of $794 billion by 2031. Mike Rosenbaum, Founder and CEO of Spacer, highlighted the growth of the platform and its potential to aid individuals financially. “We have seen an 866% growth in Americans using the platform since operations began in 2018. For anyone looking for help to pay bills, a mortgage or to save, your parking space could be a side hustle that can make a huge difference to your finances, especially in cities with insufficient parking,” Rosenbaum stated.

For more information on the company, visit www.spacer.com.

Source: Spacer via Newswire