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Parking Garage Construction Cost Estimator
Leading provider of garage installation services
Single Level Parking Garage
$15,000 to $22,000
Multi Level Parking Garage
$22,000 to $33,000
Underground Parking Garage
$27,000 to $53,000
The average parking garage construction cost per square foot depends widely on the type of parking lot being built. Building a precast parking lot is around $70 to $90 per sq. ft. The most common price is $75 per sq. ft. The cost ranges depending on the area where you live, with cities typically having higher overall costs. Depending on the type of car park you’re building, whether it’s single-level, automated, or multi-level, you can expect to pay a price of $15,000 to $33,000 per space. The most common type of car park is multi-level garages because you can save on space by having several levels where cars can park. Small, single-level garages limit the number of cars that can fit, but construction expenses can be lower because the foundation does not need to support the weight of the higher level.
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The underground garage construction price ranges between $27,000 and $53,000 per space. This means that to build a 500-space underground garage, you can expect to spend between $13.5M and $28M in total.
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The cost to construct a parking lot can vary widely depending on factors such as the size, location, materials used, drainage systems, lighting, landscaping, and any additional features. On average, basic asphalt parking lots might cost around $3,000 to $5,000 per space, while more advanced options with concrete, lighting, and other amenities can cost upwards of $10,000 per space. It’s best to consult with a local contractor to get a more accurate estimate based on your specific project requirements.
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Basements suitable for 2 or 3 cars can add $110K to $220K to a new house budget depending on factors such as size, depth, and the quality of the foundation. Conditions at the site and the type of soil.
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You need to factor between 300 and 400 sq.ft. per car, so 1,000 sq.ft. would be enough room for roughly three car spaces.
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Pakring Garage Construction Guide
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Single-Level Parking Garage Cost
Single-level garages have an average price of $15,000 to $22,000 per space to build. They are less common than either surface lots or multi-level lots. This is because they are significantly more costly to build than a simple surface lot, while at the same time, you cannot fit nearly as many cars into the area as you could by giving it more levels. That said, they are possible to build and do not need to have a foundation designed to support the weight of additional levels.
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Multi-Level Parking Cost
Multi-level garages are the most expensive ones to build, with a typical price of $22,000 to $33,000 per space. Although they are more expensive to build, multi-level garages are probably the most common type and the most frequently seen and used. They average five levels but can be several levels higher or lower, depending on your needs. Building a multi-level parking garage requires strengthening the foundation to support the weight of the upper levels.
Underground Parking Garage Cost
The average underground parking garage cost per space is $27,000 to $53,000. Every level below the ground you go down increases your total expenses more. Going down one level raises costs by 20%, while two levels double the price. Going down further increases pricing even more. Most people rarely build garages below ground, but if space is an issue, one to two levels below ground is recommended because, after that, costs rise to prohibitive levels.
Chip Seal Parking Lot Costs
The concrete parking lot cost per sq.ft. ranges from $3 to $7. for the material only. They are less common but can be found in some southern areas. While concrete performs better in warm climates than asphalt, it may require more maintenance in cold climates, as the cold can cause it to crack and break apart. It can be colored and shaped, so it makes a nice choice for private lots. When installed in ideal conditions, concrete is very durable and low maintenance. If it’s sealed regularly, it can last 20 to 40 years.
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Asphalt Parking Lot Costs
Asphalt is the most common material for car parks, with an average price of $9 to $15 per sq.ft. It is lower in maintenance than gravel but less expensive than concrete. Asphalt is more suitable for cold conditions because it doesn’t crack easily and melts the snow faster due to the darker color. However, when installed in areas with high temperatures, asphalt can take several years to cure and may potentially soften and lose its shape. Asphalt can be tinted or colored for private lots. It is possible to get higher quality material that wears longer in busy lots. When they are maintained regularly by cleaning and yearly washing with a hose spray, the typical lifespan of asphalt lots is 12 to 25 years.
| Type of Sign | Cost (Labor Included) |
|---|---|
| Lines | $0.30 – $0.75/linear foot |
| Curb Painting | $0.60 – $1.70/linear foot |
| Stenciled Numbers | $1.70 – $3.80/number |
| Letters | $3 – $5/letter |
| Directional Arrows | $12 – $33/each |
| Stop Signs | $16 – $27/each |
| Handicapped Logos | $27 – $33/each |
| Pedestrian Crosswalks | $53 – $77/each |
For larger structures, get parking garage cost estimates to compare with home garages.
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