Parking Garage Cost Per Space

The cost per space varies by area but the average cost is between 24 000 and 25 000 per space for a parking garage.

Parking garage cost per space. Parking lots average 2 50 3 00 per sq. Ft expect to pay as low as 7 250 000 or 11 600 000 on the high end. This gives you an all inclusive cost of 50 80 per sq.

In most cases that cost averages 15 20 000 per parking spot. If you take the entire range from easiest to most complex it is 10 25 000 per space. 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.

Costs are derived from a building model that assumes basic components using union labor for a 145000 square foot building. If you intend to create a surface lot rather than a garage costs can be considerably lower. Construction cost estimates for parking garage in national us.

A surface parking structure will be much less. More efficient layouts with more parking per square foot are more affordable and smaller taller or complex layouts tend to be more expensive. To build a standard five story parking garage that is 145 000 sq.