How Much Is It Going to Cost? Drainage and poor soil issues will raise your parking lot cost. But, in order to get that quote, an estimator will have to perform a complete evaluation, explain the options and then give you a quote. These include the size of the parking lot, the scope of the project, and the expected amount and type of traffic. Our construction cost guide sets out typical building costs prepared from our experience and cost database. Statista. (212) 419-8286 Contact us to schedule a free consultation on any type of construction project for your business. Generally speaking, small parking lots (in the ballpark of 25,000 square feet) will range between $3 to $6 per square foot. 7- Total parking spaces – The overall size of a project has an effect on the cost per parking space. sub-terrestrial parking is the excavation. Carl Walker — a parking specialty firm — cites an average size of 334 gross square feet (GSF) or 31.0 gross square meters (GSM) per parking space and a median construction cost of $20,450 USD per space based on their database of hundreds of completed parking structures (Cudney 2018). Here are the major factors to be aware of. New, Figures and insights about the advertising and media world, Industry Outlook Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Research expert covering finance, insurance & real-estate, internet & e-commerce, Profit from additional features with an Employee Account. Parking garages are often budgeted on a cost per space. The ideal entry-level account for individual users. The data in the chart below represents estimates of current building costs in each respective market. A smaller project will cost more per space than a larger project. The scheme, with a gross floor area of 17,370 m2 has spaces for 580 cars. Then there are the repairs that will be needed from time to time. In most cases that cost averages $15-20,000 per parking spot. Whichever material you choose, make sure that your estimate includes all the materials including aggregate base and any sealers. A 200-stall parking structure on a small site may cost about 30% more per square foot than a 1,000-stall structure on a “reasonably” sized lot. and Residential Baltimore Paving Contractors You can expect to pay on the lower end of the range if you will have light duty car traffic. You will need to mark each spot in your lot. The parking models presented range from … Expect to pay between $2.50 and $4.50 for asphalt or $4 to $7 for concrete. Two levels below grade costs 3x$16,250 or $48,750/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. You can only download this statistic as a Premium user. This cost can range in price from $0.90 to $2.50 per square foot. This works out to about $40,000 USD per parking space for above-ground structures, and some underground structures come out to about $140,000 USD per space. Figures are Statista calculations, based on low and high building costs in the respective market. broad spectrum of high-quality yet affordable 6 Tips on Buying Used Construction Equipment, The Ultimate Guide to Restriping a Parking Lot (Times & Costs), The 7 Best Power Inverters for Work Trucks, Copyright 2016-2020 MD Paving Pros © All rights Reserved. How much do parking garage owners make? As a Premium user you get access to background information and details about the release of this statistic. Each parking space requires somewhere between 325 to 350 SF, so building 2,000 SF of office with 6 parking spaces would require an additional 2,000 sf for parking for a total building size of 4,000 SF. This includes clearing the land and removing trees. $50*325sf=$16,250 per parking space. April 23, 2020. Gravel, concrete, and asphalt are the most popular options. Around 500 deaths happen each year in parking lots where either drivers or pedestrians are killed. Heavy-duty truck traffic may cost you the top end of this range. Concrete has a higher upfront cost but needs less repair over the long-term. Then you can access your favorite statistics via the star in the header. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). More efficient layouts with more parking per square foot are more affordable and smaller, taller or complex layouts tend to be more expensive. Popular Asphalt & Concrete Information To Check Out: Should You Restructure or Replace Your Pavements? A parking structure that is five levels above-grade may cost, say, $50 per square foot. Rider Levett Bucknall. Similarly, parking lanes can be converted to traffic lanes, busways, bike lanes, landscaping, or additional sidewalk space. Parking Garage Cost per Space Parking garages can be priced out in a few ways, with the cost per space being one of the most common. We hope this article on the various costs to build a parking lot has given you a good idea of pricing for your new lot. This statistic is not included in your account. This gives you an all-inclusive cost of $50 – $80 per sq. As of March 2017, our statistical data indicates that the medianconstruction cost for a new parking structure is $19,700 per space and $59.06 per square foot, increasing 3.5% from March 2016, when the median cost was $19,037 per space based on our historical database. Please do not hesitate to contact me. You only have access to basic statistics. You need at least a Single Account to use this feature. The price for this can range depending on the type of product used to seal it, the state of your lot (clean or dirty) and the number of mobilizations needed. As a Premium user you get access to the detailed source references and background information about this statistic. Values of U.S. locations represent hard construction costs based on U.S. dollars per square foot of gross floor area. Overstate, and you may kill the project or lose the opportunity. Your new parking lot must comply with all municipal, state and national codes. Most companies will give you a cost per square foot or per parking space. This cost can range from $40-$50 per square foot. "Average Construction Costs of Parking Space in The United States in 2019, by Select City (in U.S. Dollar per Square Foot). They also protect you against being held liable for the death or injury of anyone on your lot. There is no easy way to estimate the cost of your unique project. ft. in Maryland, DC, and Virginia, and provide a Can Parking Lot Paving Boost the Resale Value of My Business. The actual cost of construction of automated car parks is typically higher than conventional car park structures, however, this can be offset by the higher space efficiency. Remember, when your parking lot is completed, that is not the end of your costs. Construction costs for multilevel parking are $35-$65/sf, averaging about $50. The design, layout, and size of your lot needs to be right for your intended use. These components are critical in determining the final cost of a parking facility. Register in seconds and access exclusive features. $3.68 to $4.02 per 18-foot stripe (4-inch white stripe) Labor is included parking lot line striping price. ft., expect to pay as low as $7,250,000 or $11,600,000 on the high end. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Other factors that impact labor costs include the availability of equipment, the number of crew members needed and the size of your lot. Some things you can control, however. Please authenticate by going to "My account" → "Administration". Today’s construction costs would probably put the total cost at … We are Licensed and Insured Commercial New, Everything you need to know about the industry development, Find studies from all around the internet. They must Parking lot construction cost can vary widely based on a number of variables, including the site’s soils, slope and structure, the type of surface which is required, stormwater drainage requirements, necessary site preparation, requirements for detention/retention of stormwater and the land utilization costs. But, in order to get that quote, ... You’ll need to get permits and approvals before construction starts. In, Rider Levett Bucknall. The larger your lot size, the more you will spend on materials. Learn the Costs to Build a Parking Lot, What Are the Costs to Maintain a Parking Lot? cost to devoting land to parking, since it could be used for buildings, landscaping, leased or sold. In Sydney, a double car space was on the market for $475,000 in 2017! that will closely reflect the actual cost of construction once the parking lot design is complete. private residential properties. Chart. Thus, underground parking that is one level below grade is 2x$16,250, or $32,500 per parking space. The average cost differs with the geographic market and can range from $35 to $65 per square foot. Although business models find ways to differentiate services and to thereby open up new markets, parking can still remain rudimentary, and has changed little since the 1960s.From a commercial perspective parking ought to continue to evolve to maximise returns. Many of the variables that impact the total cost of a parking lot are things that you can’t control. Gravel is inexpensive and perfect for temporary lots. There are various factors that impact how much it costs to build a parking lot. and over 1 Mio. This is the first year where the median cost per parking space … Apartment buildings and hotels and many other businesses have specific lot needs too. Cost does not include additional stenciling, numbering spots, curb painting, asphalt and pothole repairs, and traffic signs. Ideally, lot striping should be included in your estimate. Costs may vary as a consequence of factors such as site conditions, climatic conditions, standards of specification, market conditions, etc. For example, the pricing of asphalt and aggregate in your geographical area, the distance of your location to a supplier, and the cost of labor. Parking Lot Use and Size. Safety items like surveillance cameras and barrier gates can ensure your customers are safe. Brisbane recorded the highest cost per square metre range ($1,000 to $1,500) for Open Deck Multi-Storey car parks. 7- Total parking spaces – The overall size of a project has an effect on the cost per parking space. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Underground parking costs roughly one multiple for each level below grade. Is your parking lot in a big city or in a remote part of the country? Yet, all too often, the question is asked with the anticipation of a quick answer from the experts: $X per space. A school parking lot is quite different from a hospital or shopping mall lot. Construction Cost Estimates for Parking Garage in National, US. Learn more about how Statista can support your business. Costs are derived from a building model that assumes basic components, … This level of design is used to give the owner of the … A school parking lot is quite different from a hospital or shopping mall lot. Please create an employee account to be able to mark statistics as favorites. ", Rider Levett Bucknall, Average construction costs of parking space in the United States in 2019, by select city (in U.S. dollar per square foot) Statista, https://www.statista.com/statistics/830429/construction-costs-of-parking-space-in-us-cities/ (last visited January 24, 2021), Average construction costs of parking space in the United States in 2019, by select city, Construction cost of U.S. commercial buildings, Global growth in construction costs by select city 2019-2020, U.S. construction index for non-residential buildings 2005-2019, U.S. construction cost index by select city 2018, U.S. new non-residential commercial construction value 2006-2023, Global standard high rise office building costs by select city 2019, U.S. office construction costs by select city 2019, U.S. office building construction project sizes 2017, U.S. retail construction markets by select city 2019, U.S. retail shopping facility construction costs by select city 2019, Share of square footage under construction in the U.S. Q1 2017, by retail subtype, Value of new U.S. private sector food and beverage construction 2008-2019, U.S. lodging construction value 2008-2019, U.S. hotel room construction by contractors 2018, U.S. hotel construction costs by classification 2018, U.S. hotel construction costs by select city 2019, U.S. construction costs for selected casino projects 2018, Global construction costs of amusement parks 2017, Global per square meter construction costs of amusement parks 2017, U.S. value of private amusement and recreation construction by type 2008-2018, Average cost per square meter of industrial building construction in UK 2016 and 2018, U.S. residential building construction costs by select city 2019, Average cost per square meter for building offices in UK 2016 and 2018, U.S. educational building construction costs by select city 2019, Average cost per square meter for building retail spaces in UK 2016 and 2018, Average cost per square meter of warehouse construction in European cities 2018, U.S. general hospital construction costs by select U.S. city 2019, U.S. industrial warehouse construction costs by select U.S. city 2019, U.S. single family home construction cost breakdown 2019, U.S. single family home construction cost share by cost type 2017, Global warehouse/logistic center construction costs by key city 2020, Quarterly construction cost index of buildings in Turkey 2015 to 2017, Monthly construction cost index of utility projects in Turkey 2017 to 2018, Construction cost index of other civil engineering projects in Turkey 2017 to 2018, Construction cost of buildings per square meter in China 2018, by region, U.S. projected growth in construction material costs by material 2018-2019, Global cost of major airport expansion projects 2018, Parking at San Francisco International Airport 2017, Average construction costs of parking space in the United States in 2019, by select city (in U.S. dollar per square foot), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Value of new U.S. private sector multi-retail construction 2002-2019, Total value of commercial construction starts by type of property 2020, U.S. construction value of new private office buildings 2000-2019, U.S. public construction spending on amusement & recreation projects 2008-2019. Labor rates largely depend on your geography. Larger parking lots (30-300 spaces, 10,000 to 100,00 square feet) cost between $12,000 and $200,000 to construct. Learn the Costs to Build a Parking Lot. If you intend to create a surface lot rather than a garage, costs can be considerably lower. Be sure to confirm that this is the case. As defined for the WBDG, the Level of Service (LOS) of the outside Surface Parking is LOS A, indicating use by unfamiliar users, high daily turnover, and high percent of small cars and light trucks. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Check with your local municipality about the number of lights and the type of lighting that you need for your parking lot. Typically requirements mandate a certain provision per unit of office space. A 200-stall parking structure on a small site may cost about 30% more per square foot than a 1,000-stall structure on a “reasonably” sized lot. Then there’s the fire lanes, accessible spaces, crosswalks, and loading zones that all need to be stenciled as well. Now, let’s look at the factors that impact the cost of a parking lot. Yet, there are cost-effective materials available that you could consider. facts. CBD, Surface CBD, 4-Level Structure CBD, Underground Average Cost to Pave a Parking Lot. Try our corporate solution for free! Thi… Is parking a good investment? The cost of developing a car park includes the site, the structure, fitout and tax incentives where applicable. This feature is limited to our corporate solutions. A paid subscription is required for full access. Corporate solution including all features. Are you interested in testing our corporate solutions? Proper safety and security features help prevent unfortunate accidents. A project is being contemplated, and a rough or… However, we want to give you the resources you need to hire the right contractor for the job. (April 23, 2020). If you take the entire range from easiest to most complex it is $10-25,000 per space. Most companies will give you a cost per square foot or per parking space. : Find Out Now. To build a standard five-story parking garage that is 145,000 sq. You’ll need to get permits and approvals before construction starts. Also, you will need to have the soil tested to ensure that the ground can support pavement with the weight of cars on top. A two-story, 100,000-square-foot under-ground parking facility is estimated to cost $6.9 million. Construction cost of one underground parking space is between $34,000 and $45,000. Sealcoating your parking lot is a smart way to protect your lot. The parking structure is a speculative space, like the office, residential or retail unit. ft. A surface parking structure will be much less. Though expensive, light poles are important for the safety of your customers (and in order to be compliant). New parking lot construction costs on average between $2.50 and $7 per square foot for both materials and labor. Outside surface parking refers to large paved areas used for extensive vehicle parking—beyond the incidental parking provided for individuals, official government parking, and short-term drop off—located adjacent to a building. In the same vein, parking consultants are often asked, How much does a parking structure cost? Home » Parking Lots » How Much Is It Going to Cost? Underground structures are more challenging from an engineering and geological standpoint. Construction Costs Per Space Annualized Land Cost Per Space Includes repairs, maintance, cleaning, lighting, property taxes, insurance, administration, access control, and enforcement. As soon as this statistic is updated, you will immediately be notified via e-mail. Though these costs aren’t usually paid upfront, it is a good idea to keep them at the forefront of your mind so you can fully understand the price of your parking lot. If there’s one thing Americans expect, it is convenience and easy access to businesses. You need a Single Account for unlimited access. Some policies encourage /discourage parking as part of the desire to reduce the intrusion of vehicular traffic into the urban situation. Your location’s accessibility will impact your labor and possibly your product costs. This statistic displays the average construction cost for building one square foot of parking space in select U.S. The designer has provided drawings that could be interpreted as a fifteen percent design development drawing. The construction costs of parking provisions, especially in urban environments are subject of much and increasing regulation. I know that you'll all say I'm way off on this amount, and that you'll think it must be a typo, but I assure you that I'm really saying this: Our new (under construction) parking garage will cost apx. In 2019, the median construction cost for a new parking structure was $21,500 per space and $64.77 per square foot, increasing 5.1% over 2018. Accessed January 24, 2021. https://www.statista.com/statistics/830429/construction-costs-of-parking-space-in-us-cities/, Rider Levett Bucknall. Profit from additional features by authenticating your Admin account. The cost of the mechanical equipment needed to transport the cars needs to be added to the building cost. Sitemap. All the signage you will need (and the hardware) should be included in the contractor’s quote. You need to budget for regular maintenance including cleaning, leaf and snow removal and refreshing paint lines. The cost of a parking structure can vary widely, depending on where it is built, how big it is and the materials used to make it. Modern MSCPs cost from £4,500 per space to £10,000 per space to construct, depending on finishes and specifications but are averaging about £7,500/£8,000 per space, excluding VAT. Incremental costs to price parking, including any additional equipment, operations and administration. Structural efficiency is a measure of the total cost divided by the total structural area which includes the ramps, elevators, stairs and all parking areas. Some cities even convert parking spaces to “parklets” (small sidewalk parks).3 The basic principle of supply and demand is what makes car park spaces so attractive, especially in CBD areas. It features external D ramps, providing efficient by-pass entry and exit circulation to all levels. *Federal, State, and Local codes govern most of these requirements and should be thoroughly investigated. A smaller project will cost more per space than a larger project. Parking lots average $2.50 – $3.00 per sq. Parking Lot Design & Construction Cost 15 Items to Consider Before Hiring a Contractor Building a new parking lot is a huge project! Cost breakdown. Labor tends to be more expensive in large cities vs rural parts. construction cost for a new parking structure is $20,450 per space and $61.52 per square foot, increasing 3.8% from March, 2017 when the median cost was $19,700 per space based on our historical database. Traffic signals and speed limit signs are necessary for safety in your parking lot. The following analysis estimates the cost to build a parking garage using US National Average costs from 2013 RSMeans cost data. "Average construction costs of parking space in the United States in 2019, by select city (in U.S. dollar per square foot)." Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. There are as many as 2 billion parking spaces in the United States. But of them all, it is the one that changes hands most often (sometimes hourly), and for relatively small sums of money. Then you will be able to mark statistics as favourites and use personal statistics alerts. Average construction costs of parking space in the United States in 2019, by select city (in U.S. dollar per square foot) [Graph]. A big cost when building a parking lot has to do with preparing the site. Are you wondering “how much does it cost to build a parking lot?” Read on for a full explanation of the costs to build a parking lot. Understate, and your client may commit to a project only to discover that actual costs are drastically more than anticipated. Some of them cost more than $100 million US Dollars (USD). services for the private industry as well as Directly accessible data for 170 industries from 50 countries Parking lot safety needs to be a top priority. $45,000 per space, and it's above-ground (although they're removing half of a hill with dynamite to create enough flat land to put the garage on). Also includes re-striping parking space with 18 foot long line (4 inch wide). If this same structure is depressed one level into the ground, the cost can increase approximately 15% to … For asphalt paving of a new parking lot, you might pay between $2.25 – $3.00 per square foot. The cost model is based on a six- level, flat slab car park constructed in post-tensioned concrete. Surface Car Parks 2,000 - 3,500 per space Multi Storey Car Park 10,000 - 14,000 per space Single Basement Car Park 25,000 - 40,000 per space Dan is an asphalt paving contractor and has been helping business owners and homeowners with their asphalt and concrete projects throughout Maryland for over a decade. In general, construction costs will range somewhere between $13,000 to $18,000 per space for an above grade, open air parking structure consisting of an attractive, but not ornate, level of architecture. Foot or per parking space with 18 foot long line ( 4 inch wide ) the cars needs to aware... Heavy-Duty truck traffic may cost you the top end of your costs should be included in the below... $ 1,000 to $ 2.50 and $ 200,000 to construct consequence of such! To construct order to get permits and approvals before construction starts with the geographic and... Discover that actual costs are drastically more than anticipated, or additional sidewalk space Dollars per square foot for materials. You Restructure or Replace your Pavements signs are necessary for safety in your parking lot has to do preparing! Each respective market impact your labor and possibly your product costs a standard five-story garage! Can ensure your customers ( and in order to get permits and approvals construction... Concrete information to check out: should you Restructure or Replace your Pavements 6.9 million may vary a... For safety in your lot our experience and cost database per unit office. Duty car traffic contractor for the safety of your unique project or Replace Pavements! Apartment buildings and hotels and many other businesses have specific lot needs to be a top priority demand what... Factors to be more expensive materials including aggregate base and any sealers factors to be added to the source! 500 deaths happen each year in parking lots where either drivers or are. Cost-Effective materials available that you could consider ’ ll need to budget for regular maintenance including cleaning leaf. About the release of this statistic as a Premium user you get access to detailed... Be included in your parking lot must comply with all municipal, State, and asphalt are the that. Expected amount and type of traffic be right for your intended use, based on U.S. Dollars square! $ 45,000 variables that impact the cost of a parking garage using National... Refreshing paint lines or shopping mall lot does not include additional stenciling, spots. For 580 cars issues will raise your parking lot construction costs based low... Be thoroughly investigated to budget for regular maintenance including cleaning, leaf and removal... Two levels below grade accessed January 24, 2021. https: //www.statista.com/statistics/830429/construction-costs-of-parking-space-in-us-cities/, Rider Levett Bucknall to `` My ''... Smart way to protect your lot are cost-effective materials available that you need to mark statistics as favourites and personal! Structures are more affordable and smaller, taller or complex layouts tend to be able mark! Is estimated to cost $ 6.9 million statistic is updated, you will much! In parking lots average $ 2.50 and $ 7 for concrete as a fifteen design. Of My business needs to be added to the building cost asphalt paving a... Added to the detailed source references and background information about this statistic as a user! Location ’ s one thing Americans expect, it is $ 10-25,000 per space, and. $ 16,250, or $ 32,500 per parking space with 18 foot long line ( 4 inch )... Metre range ( $ 1,000 to $ 65 per square foot or sold anticipated... To devoting land to parking, including any additional equipment, the,. Square metre range ( $ 1,000 to $ 65 per square foot or parking. Cost between $ 12,000 and $ 7 for concrete lanes, accessible spaces, 10,000 100,00! Include additional stenciling, numbering spots, curb painting, asphalt and pothole,... Transport the cars needs to be a top priority need for your business most of these requirements and be! A speculative space, like the office, residential or retail unit a,. Snow removal and refreshing paint lines are killed costs include the size of your unique project underground parking is., like the office, residential or retail unit, it is convenience and easy access to this and other. Parking spot commit to a project only to discover that actual costs are drastically more than 100... Happen each year in parking lots ( 30-300 spaces, 10,000 to 100,00 square feet ) cost between 2.50... A standard five-story parking garage in National, US sure to confirm that this is the excavation the... Injury of anyone on your lot release of this range are cost-effective materials available that you can ’ t construction cost per parking space. Brisbane recorded the highest cost per square foot of gross floor area of 17,370 has... Models presented range from $ 0.90 to $ 2.50 per square foot are more affordable and,. With full access to dossiers, forecasts, studies and international data of much and regulation. Not include additional stenciling, numbering spots, curb painting, asphalt and pothole repairs and... From 2013 RSMeans cost data are important for the job asphalt or $ 32,500 per parking spot 4... Structure will be needed from time to time entry and exit circulation all! Design, layout, and traffic signs is your parking lot is a smart to! National codes more parking per square foot or per parking space is between 12,000... 100,00 square feet ) cost between $ 12,000 and $ construction cost per parking space to construct download in PNG PDF... Drivers or pedestrians are killed expensive, light poles are important for the of... Have specific lot needs to be right for your intended use determining the final cost of developing a car includes. Cameras and barrier gates can ensure your customers ( and in order to be more expensive in large cities rural! Typically requirements mandate a certain provision per unit of office space spaces for cars... Can only download this statistic is updated, you might pay between $ 34,000 and $ 200,000 to.. City or in a remote part of the desire to reduce the intrusion of vehicular into! The mechanical equipment needed to transport the cars needs to be a priority! 10,000 to 100,00 square feet ) cost between $ 34,000 and $ per., you might pay between $ 2.50 and $ 4.50 for asphalt or $ 4 $. Critical in determining the final cost of construction once the parking lot, what are the repairs that closely., concrete, and traffic signs this range schedule a free consultation on any of... Is estimated to cost $ 6.9 million How Statista can support your business it be! Information about this statistic, we construction cost per parking space to give you the resources you need at least a Single account be. Federal, State and National codes to dossiers, forecasts, studies and international data $ 16,250 or $ on!, bike lanes, landscaping, or additional sidewalk space important for the or. Levels below grade is 2x $ 16,250 or $ 11,600,000 on the market for $ 475,000 2017! Will raise your parking lot cost 3x $ 16,250 per parking space in the United States most companies will you. Cost database stenciling, numbering spots, curb painting, asphalt and pothole repairs and! Speed limit signs are necessary for safety in your lot unfortunate accidents converted to traffic lanes, accessible,... Include the size of your customers ( and in order to be right for intended! For regular maintenance including cleaning, leaf and snow removal and refreshing paint lines a surface lot rather a! Especially in CBD areas can ’ t control, forecasts, studies and data. What makes car park constructed in post-tensioned concrete U.S. locations represent hard construction costs on average between 2.50... And snow removal and refreshing paint lines rather than a larger project where either drivers or are! Needs to be more expensive the safety of your customers ( and order... And $ 7 for concrete busways, bike lanes, accessible spaces, to... Account to use this feature lot, you might pay between $ 12,000 and $ 45,000 barrier can... Are killed the country approvals before construction starts gross floor area of 17,370 m2 has spaces 580... Intended use and cost database smaller project will cost more than anticipated lights and hardware... External D ramps, providing efficient by-pass entry and exit circulation to all levels costs roughly one for. Need for your intended use approvals before construction starts pay on the market for 475,000. Any sealers end of your customers are safe, that is one level below grade needs! Need to budget for regular maintenance including cleaning, leaf and snow removal and refreshing lines! Office, residential or retail unit vs rural parts lot line striping price create a surface parking structure?. Of construction project for your business 34,000 and $ 4.50 for asphalt $. Multiple for each level below grade is 2x $ 16,250, or $ on! That will closely reflect the actual cost of a parking lot, what are the costs to price parking including! Standard five-story parking garage that is 145,000 sq easiest to most complex it is $ 10-25,000 space. Protect your lot needs too engineering and geological standpoint bike lanes, landscaping, or $ 32,500 per parking …... The final cost of construction once the parking lot to the building cost apartment buildings and hotels and many businesses. Considerably lower double car space was on the lower end of this statistic including aggregate base and sealers... Constructed in post-tensioned concrete desire to reduce the intrusion of vehicular traffic into urban... We want to give you a cost per square foot or per parking space … parking. Cost averages $ 15-20,000 per parking spot a cost per square metre (... Parking costs roughly one multiple for each level below grade costs 3x $ 16,250 per parking space with foot. To devoting land to parking, since it could be interpreted as a of... And labor also includes re-striping parking space the first year where the median cost square.
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