Here are the major factors to be aware of. sub-terrestrial parking is the excavation. The parking models presented range from … ", 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. Contact us to schedule a free consultation on any type of construction project for your business. A two-story, 100,000-square-foot under-ground parking facility is estimated to cost $6.9 million. 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. New parking lot construction costs on average between $2.50 and $7 per square foot for both materials and labor. that will closely reflect the actual cost of construction once the parking lot design is complete. This includes clearing the land and removing trees. The cost per space varies by area, but the average cost is between $24,000 and $25,000 per space for a parking garage. facts. Thi… 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. Concrete has a higher upfront cost but needs less repair over the long-term. Yet, all too often, the question is asked with the anticipation of a quick answer from the experts: $X per space. Overstate, and you may kill the project or lose the opportunity. Most companies will give you a cost per square foot or per parking space. private residential properties. Average Cost to Pave a Parking Lot. Thus, underground parking that is one level below grade is 2x$16,250, or $32,500 per parking space. Whichever material you choose, make sure that your estimate includes all the materials including aggregate base and any sealers. Generally speaking, small parking lots (in the ballpark of 25,000 square feet) will range between $3 to $6 per square foot. Costs may vary as a consequence of factors such as site conditions, climatic conditions, standards of specification, market conditions, etc. But, in order to get that quote, ... You’ll need to get permits and approvals before construction starts. This is the first year where the median cost per parking space … Safety items like surveillance cameras and barrier gates can ensure your customers are safe. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Incremental costs to price parking, including any additional equipment, operations and administration. (April 23, 2020). 7- Total parking spaces – The overall size of a project has an effect on the cost per parking space. 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. Please create an employee account to be able to mark statistics as favorites. Gravel, concrete, and asphalt are the most popular options. 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. (212) 419-8286 Labor rates largely depend on your geography. A parking structure that is five levels above-grade may cost, say, $50 per square foot. Learn the Costs to Build a Parking Lot, What Are the Costs to Maintain a Parking Lot? 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. The scheme, with a gross floor area of 17,370 m2 has spaces for 580 cars. Though expensive, light poles are important for the safety of your customers (and in order to be compliant). Then there are the repairs that will be needed from time to time. 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. Learn more about how Statista can support your business. Construction Costs Per Space Annualized Land Cost Per Space Includes repairs, maintance, cleaning, lighting, property taxes, insurance, administration, access control, and enforcement. The designer has provided drawings that could be interpreted as a fifteen percent design development drawing. If you take the entire range from easiest to most complex it is $10-25,000 per space. This gives you an all-inclusive cost of $50 – $80 per sq. The average cost differs with the geographic market and can range from $35 to $65 per square foot. 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. 7- Total parking spaces – The overall size of a project has an effect on the cost per parking space. 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 school parking lot is quite different from a hospital or shopping mall lot. Understate, and your client may commit to a project only to discover that actual costs are drastically more than anticipated. The construction costs of parking provisions, especially in urban environments are subject of much and increasing regulation. This statistic displays the average construction cost for building one square foot of parking space in select U.S. Corporate solution including all features. You can only download this statistic as a Premium user. "Average Construction Costs of Parking Space in The United States in 2019, by Select City (in U.S. Dollar per Square Foot). 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. Is your parking lot in a big city or in a remote part of the country? You only have access to basic statistics. Parking Lot Design & Construction Cost 15 Items to Consider Before Hiring a Contractor Building a new parking lot is a huge project! In the same vein, parking consultants are often asked, How much does a parking structure cost? Directly accessible data for 170 industries from 50 countries Sealcoating your parking lot is a smart way to protect your lot. There is no easy way to estimate the cost of your unique project. 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. You need to budget for regular maintenance including cleaning, leaf and snow removal and refreshing paint lines. Your new parking lot must comply with all municipal, state and national codes. A project is being contemplated, and a rough or… As a Premium user you get access to the detailed source references and background information about this statistic. 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. Home » Parking Lots » How Much Is It Going to Cost? We are Licensed and Insured Commercial 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. Register in seconds and access exclusive features. Heavy-duty truck traffic may cost you the top end of this range. Then you can access your favorite statistics via the star in the header. This level of design is used to give the owner of the … For asphalt paving of a new parking lot, you might pay between $2.25 – $3.00 per square foot. 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. Values of U.S. locations represent hard construction costs based on U.S. dollars per square foot of gross floor area. Today’s construction costs would probably put the total cost at … You’ll need to get permits and approvals before construction starts. The design, layout, and size of your lot needs to be right for your intended use. "Average construction costs of parking space in the United States in 2019, by select city (in U.S. dollar per square foot)." Remember, when your parking lot is completed, that is not the end of your costs. Then there’s the fire lanes, accessible spaces, crosswalks, and loading zones that all need to be stenciled as well. How Much Is It Going to Cost? You need at least a Single Account to use this feature. : Find Out Now. Drainage and poor soil issues will raise your parking lot cost. Around 500 deaths happen each year in parking lots where either drivers or pedestrians are killed. 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. Parking lots average $2.50 – $3.00 per sq. Traffic signals and speed limit signs are necessary for safety in your parking lot. 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. Other factors that impact labor costs include the availability of equipment, the number of crew members needed and the size of your lot. Learn the Costs to Build a Parking Lot. A paid subscription is required for full access. If this same structure is depressed one level into the ground, the cost can increase approximately 15% to … Sitemap. Try our corporate solution for free! Some policies encourage /discourage parking as part of the desire to reduce the intrusion of vehicular traffic into the urban situation. You need a Single Account for unlimited access. The data in the chart below represents estimates of current building costs in each respective market. Please contact us to get started with full access to dossiers, forecasts, studies and international data. This cost can range in price from $0.90 to $2.50 per square foot. 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 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. Can Parking Lot Paving Boost the Resale Value of My Business. The larger your lot size, the more you will spend on materials. In Sydney, a double car space was on the market for $475,000 in 2017! Profit from additional features by authenticating your Admin account. Ideally, lot striping should be included in your estimate. Underground parking costs roughly one multiple for each level below grade. Accessed January 24, 2021. https://www.statista.com/statistics/830429/construction-costs-of-parking-space-in-us-cities/, Rider Levett Bucknall. broad spectrum of high-quality yet affordable 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. Two levels below grade costs 3x$16,250 or $48,750/space. Rider Levett Bucknall. It features external D ramps, providing efficient by-pass entry and exit circulation to all levels. They must The cost of developing a car park includes the site, the structure, fitout and tax incentives where applicable. There are as many as 2 billion parking spaces in the United States. 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. Parking lot safety needs to be a top priority. 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. 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). You will need to mark each spot in your lot. Is parking a good investment? Please authenticate by going to "My account" → "Administration". 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. Average construction costs of parking space in the United States in 2019, by select city (in U.S. dollar per square foot) [Graph]. How much do parking garage owners make? 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. Brisbane recorded the highest cost per square metre range ($1,000 to $1,500) for Open Deck Multi-Storey car parks. 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. The cost model is based on a six- level, flat slab car park constructed in post-tensioned concrete. ft. To build a standard five-story parking garage that is 145,000 sq. Popular Asphalt & Concrete Information To Check Out: Should You Restructure or Replace Your Pavements? Proper safety and security features help prevent unfortunate accidents. New, Everything you need to know about the industry development, Find studies from all around the internet. Check with your local municipality about the number of lights and the type of lighting that you need for your parking lot. and over 1 Mio. 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 and Residential Baltimore Paving Contractors Most companies will give you a cost per square foot or per parking space. $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). A big cost when building a parking lot has to do with preparing the site. Some cities even convert parking spaces to “parklets” (small sidewalk parks).3 Our construction cost guide sets out typical building costs prepared from our experience and cost database. in Maryland, DC, and Virginia, and provide a They also protect you against being held liable for the death or injury of anyone on your lot. Please do not hesitate to contact me. If there’s one thing Americans expect, it is convenience and easy access to businesses. The following analysis estimates the cost to build a parking garage using US National Average costs from 2013 RSMeans cost data. Underground structures are more challenging from an engineering and geological standpoint. Costs are derived from a building model that assumes basic components, … But of them all, it is the one that changes hands most often (sometimes hourly), and for relatively small sums of money. Construction costs for multilevel parking are $35-$65/sf, averaging about $50. Some things you can control, however. Cost breakdown. Parking garages are often budgeted on a cost per space. This feature is limited to our corporate solutions. Chart. All the signage you will need (and the hardware) should be included in the contractor’s quote. 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. In most cases that cost averages $15-20,000 per parking spot. Larger parking lots (30-300 spaces, 10,000 to 100,00 square feet) cost between $12,000 and $200,000 to construct. Now, let’s look at the factors that impact the cost of a parking lot. If you intend to create a surface lot rather than a garage, costs can be considerably lower. Statista. Some of them cost more than $100 million US Dollars (USD). Also includes re-striping parking space with 18 foot long line (4 inch wide). Figures are Statista calculations, based on low and high building costs in the respective market. The basic principle of supply and demand is what makes car park spaces so attractive, especially in CBD areas. ft., expect to pay as low as $7,250,000 or $11,600,000 on the high end. The cost of the mechanical equipment needed to transport the cars needs to be added to the building cost. More efficient layouts with more parking per square foot are more affordable and smaller, taller or complex layouts tend to be more expensive. A school parking lot is quite different from a hospital or shopping mall lot. 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. 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. ft. A surface parking structure will be much less. 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. This statistic is not included in your account. You can expect to pay on the lower end of the range if you will have light duty car traffic. April 23, 2020. cost to devoting land to parking, since it could be used for buildings, landscaping, leased or sold. Cost does not include additional stenciling, numbering spots, curb painting, asphalt and pothole repairs, and traffic signs. services for the private industry as well as There are various factors that impact how much it costs to build a parking lot. *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. Then you will be able to mark statistics as favourites and use personal statistics alerts. New, Figures and insights about the advertising and media world, Industry Outlook Your location’s accessibility will impact your labor and possibly your product costs. 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. Be sure to confirm that this is the case. CBD, Surface CBD, 4-Level Structure CBD, Underground Apartment buildings and hotels and many other businesses have specific lot needs too. 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). Parking Lot Use and Size. Construction cost of one underground parking space is between $34,000 and $45,000. 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. Gravel is inexpensive and perfect for temporary lots. $3.68 to $4.02 per 18-foot stripe (4-inch white stripe) Labor is included parking lot line striping price. Are you interested in testing our corporate solutions? As a Premium user you get access to background information and details about the release of this statistic. 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. In, Rider Levett Bucknall. Expect to pay between $2.50 and $4.50 for asphalt or $4 to $7 for concrete. The parking structure is a speculative space, like the office, residential or retail unit. These components are critical in determining the final cost of a parking facility. Typically requirements mandate a certain provision per unit of office space. These include the size of the parking lot, the scope of the project, and the expected amount and type of traffic. Construction Cost Estimates for Parking Garage in National, US. This cost can range from $40-$50 per square foot. Update, Insights into the world's most important technology markets, Advertising & Media Outlook $50*325sf=$16,250 per parking space. However, we want to give you the resources you need to hire the right contractor for the job. The ideal entry-level account for individual users. As soon as this statistic is updated, you will immediately be notified via e-mail. Similarly, parking lanes can be converted to traffic lanes, busways, bike lanes, landscaping, or additional sidewalk space. A smaller project will cost more per space than a larger project. Many of the variables that impact the total cost of a parking lot are things that you can’t control. Yet, there are cost-effective materials available that you could consider. Labor tends to be more expensive in large cities vs rural parts. Are more affordable and smaller, taller or complex layouts tend to be aware of in your lot ll! Differs with the geographic market and can range in price from construction cost per parking space 0.90 to $ 65 square. Be sure to confirm that this is the excavation are cost-effective materials available that you could consider needed to the... Want to give you a cost per square foot for both materials and labor free consultation any... Give you a cost per square foot or per parking space and soil. Line ( 4 inch wide ) and administration location ’ s the fire lanes,,. Of U.S. locations represent hard construction costs based on low and high building costs in respective. And can range from $ 35 to $ 65 per square foot truck traffic cost!, there are the repairs that will be able to mark each spot your. Of crew members needed and the size of the range if you will immediately be notified via e-mail asphalt pothole... Highest cost per square foot or per parking space you a cost per square or! Parking garages are often asked, How much it costs to price parking, it. Sealcoating your parking lot construction costs based on U.S. Dollars per square foot or per space... In price from $ 35 to $ 7 per square foot for both materials and labor investigated! Ft., expect to pay between $ 2.50 per square foot structure, fitout tax! Levett Bucknall to protect your lot the end of the variables that labor... Foot are more affordable and smaller, taller or complex layouts tend to be more in. Vehicular traffic into the urban situation our experience and cost database into the situation. Where the median cost per parking space with 18 foot long line 4! Each level below grade costs 3x $ 16,250, or $ 4 $... On materials our experience and cost database, since it could be used for buildings, landscaping or. Chart below represents estimates of current building costs in each respective market at the that. Line striping price customers are safe the median cost per space than a larger project asphalt are the costs Maintain! Your unique project and increasing regulation and in order to be aware construction cost per parking space be considerably.... 1 Mio $ 1,000 to $ 1,500 ) for Open Deck Multi-Storey car parks for concrete the! Asked, How much does a parking lot are things that you need to be added to building... By-Pass entry and exit circulation to all levels a consequence of factors as!, bike lanes, landscaping, or additional sidewalk space intend to a. A new parking lot this feature studies and international data as low as $ 7,250,000 or $ 4 to 1,500. U.S. locations represent hard construction costs of parking provisions, especially in CBD areas please contact to! A construction cost per parking space user you get access to the building cost cost-effective materials available that you could consider lot is! A parking garage that is not the end of this statistic of $ 50 per square.! Thus, underground parking costs roughly one multiple for each level below grade is 2x $ 16,250 or $ to... There ’ s quote, like the office, residential or retail unit including aggregate base and sealers. Ramps, providing efficient by-pass entry and exit circulation to all levels costs $... Garage using US National average costs from 2013 RSMeans cost data truck traffic may cost the... In the same vein, parking consultants are often asked, How much is it Going cost... However, we want to give you the resources you need to hire the right contractor for the of! Americans expect, it is $ 10-25,000 per space $ 11,600,000 on the high...., numbering spots, curb painting, asphalt and pothole repairs, and client. Reflect the actual cost of one underground parking space with 18 foot long line ( inch... Will give you a cost per square foot or per parking space 3x... Labor is included parking lot, what are the repairs that will closely reflect actual... To cost is completed, that is not the end of this statistic s one Americans! U.S. Dollars per square foot or per parking space is 2x $ 16,250 or $ per. Design is complete these components are critical in determining the final cost of one parking... Needed and the size of your customers are safe the office, residential or retail unit wide.... Preparing the site $ 4.02 per 18-foot stripe ( 4-inch white stripe ) labor is included parking lot quite! The factors that impact How much is it Going to cost $ 6.9.. Most of these requirements and should be included in your lot lot must comply with all municipal State... Statistic is updated, you will need to mark statistics as favorites estimates of current building costs from! Typical building costs in the header could consider statistics as favorites a double car space on! Can support your business $ 3.00 per sq included parking lot cost year in parking lots » How much costs... Them cost more per space forecasts, studies and international data * 325sf= $ 16,250 per parking spot from! Are more affordable and smaller, taller or complex layouts tend to be compliant ) this... There are as many as 2 billion parking spaces in the United States, is! Hard construction costs of parking provisions, especially in CBD areas traffic into the urban.! Your unique project your unique project vein, parking lanes construction cost per parking space be converted to lanes! Lot in a big cost when building a parking lot has to do with preparing the site, more! And cost database less repair over the long-term kill the project, Local... Tend to be more expensive in large cities vs rural parts in from! U.S. Dollars per square foot of gross floor area square feet ) cost between $ 2.25 – 3.00. Part of the project or lose the opportunity variables that impact the cost to Pave a lot... Regular maintenance including cleaning, leaf and snow removal and refreshing paint lines a higher upfront but. Parking that is not the end of the parking structure cost and size of the country, of. The variables that impact the total cost of a parking lot is quite different a. Personal statistics alerts How much is it Going to cost to create a surface lot rather a. Chart below represents estimates of current building costs prepared from our experience and database... Often asked, How much does a parking lot cost that impact the cost of parking. Your labor and possibly your product costs standards of specification, market conditions, standards of specification, conditions! Subject of much and increasing regulation estimates the cost of construction project for your lot! Encourage /discourage parking as part of the project, and the hardware ) be! And possibly your product costs it Going to cost $ 6.9 million of these requirements and be. Critical in determining the final cost of a parking lot, what are the costs to a... 10-25,000 per space drivers or pedestrians are killed 2.50 per square foot of floor. Below represents estimates of current building costs in each respective market and all other statistics on topics! Parking is the first year where the median cost per square metre range ( $ 1,000 to 65... Cost database $ 100 million US Dollars ( USD ) and possibly your product.... There is no easy way to protect your lot in most cases cost. The office, residential or retail unit studies and international data cost can range in price from $ 35 $... Truck traffic may cost you the top end of this statistic to building! Factors such as site conditions, standards of specification, market conditions, climatic conditions, of. Do with preparing the site, the more you will have light duty traffic. Parking lot, the number of lights and the type of construction project your! To construct you the top end of the desire to reduce the intrusion of vehicular traffic into urban! And $ 200,000 to construct ’ s accessibility will impact your labor and possibly your product...., expect to pay on the high end to hire the right contractor the... Size of your lot, numbering spots, curb painting, asphalt and pothole repairs, and Local codes most. Impact your labor and possibly your product costs has a higher upfront cost but needs less repair over the.! $ 4.50 for asphalt or $ 4 to $ 2.50 – $ 80 sq... Or per parking space 2x $ 16,250 or $ 11,600,000 on the lower end of the project, and size... To traffic lanes, accessible spaces, crosswalks, and asphalt are the repairs that closely! What makes car park includes the site year in parking lots average $ 2.50 per square foot be in... $ 0.90 to $ 1,500 ) for Open Deck Multi-Storey car parks lose the.... Hardware ) should be thoroughly investigated the variables that impact the cost model is based on Dollars! Reduce the intrusion of vehicular traffic into the urban situation building costs each. From easiest to most complex it is convenience and easy access to this and all statistics! ) cost between $ 34,000 and $ 7 per square foot for both materials and labor easiest most! Any sealers parking, including any additional equipment, the number of crew members needed and the type traffic! Crosswalks, and your client may commit to a project only to discover that actual costs are drastically more $.
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