Cost Of Building A Parking Garage

Parking garages are often budgeted on a cost per space.

Cost of building a parking garage. Average cost to build a parking garage is about 7 650 000. Parking lots average 2 50 3 00 per sq. Costs are derived from a building model that assumes basic components using union labor for a 145000 square foot building.

The cost to build a parking garage varies by location size and whether you build up or have some parking below ground. Here are the costs of the major materials used in building a parking garage and how to avoid problems. Multi level parking garage above ground.

As of march 2019 our statistical data indicates that the median construction cost for a new parking structure is 21 500 per space and 64 77 per square foot increasing 5 1 from march 2018 when the median cost was 20 450 per space based on our historical database. For that reason the national average ranges from 7 500 000 to 12 000 000 with most people paying around 9 750 000 for a 150 000 sq ft. More efficient layouts with more parking per square foot are more affordable and smaller taller or complex layouts tend to be more expensive.

This gives you an all inclusive cost of 50 80 per sq. A smaller project will cost more per space than a larger project. A surface parking structure will be much less.

Ft expect to pay as low as 7 250 000 or 11 600 000 on the high end. Find here detailed information about build parking garage costs. Construction cost estimates for parking garage in national us.

If this same structure is depressed one level into the ground the cost can increase approximately 15 to 57 50 per square foot. 7 total parking spaces the overall size of a project has an effect on the cost per parking space. The cost to build a 1 car garage is between 7 500 to 14 200 a 2 car garage costs 19 600 and 28 200 and a 3 car garage ranges from 28 200 to 42 700.