When deciding which parking space to buy, the most crucial factor to consider is the location. The value and convenience of a parking space are largely determined by its proximity to amenities, public transportation, and your primary destinations. According to a study by the National Association of Real Estate Investors, parking spaces located near high-traffic areas, such as shopping centers, offices, and public transportation hubs, tend to appreciate in value over time. These spaces are in high demand and offer convenience to a larger population, making them more attractive to potential buyers. Additionally, a parking space in a busy area can be more easily rented out, providing a steady income stream. Therefore, focusing on location should be your top priority when purchasing a parking space.