Ste. Michelle Wendler, AIA has been creating parking solutions for the firm’s clients for over 30 years. As an example, the square footage for parking each car is generally more than one person takes up for his or her office. An aggressive bid market might see 10 or even more bids, some not necessarily from qualified bidders. An impacted bid market might see one to three bidders and price increase due to lack of competition. Costs can go both down and up. Taking the time to strategize the approach to your structured parking project will increase its chances for success and could generate a savings. A smaller project will cost more per space than a larger project. A parking structure that is five levels above-grade may cost, say, $50 per square foot. To build a standard five-story parking garage that is 145,000 sq. Construction Cost Estimates for Parking Garage in National, US. Therefore, the selection of the framing system will have a significant effect on the cost of each parking space. Cost estimate excludes V-shaped parking spaces… Short span is where you have a column approximately every three parking spaces (27x30 feet square) to support the floor slab. Radulovich noted that at such “further out” stations, “an argument can be made for parking lots as a land-banking strategy until … On a per-space-basis, the cost is approximately $15,790 per total space, or $18,050 per net new space. In most cases that cost averages $15-20,000 per parking spot. Also includes sweeping and cleanup of trash and debris from parking lot surface. 1- Geography – Where the project is located has an effect on the cost of parking. As an example, the square footage for parking each car is generally more than one person takes up for his or her office. Below are the top 10 issues that affect how much it costs to build a parking space. The more square feet you build for each stall, the more expensive it will be. Understate, and your client may commit to a project only to discover that actual costs are drastically more than anticipated. A taller structure generally has a less efficient parking layout, which translates into more square feet for each parking space. All Rights Reserved. Number of parking levels – In general, a larger-footprint parking structure that is shorter will cost … Underground parking would increase the cost per space amount as underground spaces … Which system is more cost effective depends on the location of the project and the preferred methods of construction in the region. In addition, factors such as higher seismic regions and soil conditions have a large impact on cost. The cost per square foot of the first level that is on the ground is less than levels that are elevated above the ground. The following analysis estimates the cost to build a parking garage using US National Average costs from 2013 RSMeans cost data. Table 5.4.3-5 summarizes average construction costs for basic parking structures in various U.S. cities. Grand total is roughly $2.5million for 200 parking spaces or $12,500 per space. Los Angeles, CA 90045 USA. Oh, and all of the costs above exclude GST, except for land costs where it tends to be factored in already. These costs might come to $150-$300 a square metre, depending on the type of parking. For example: For example: Assume the structure costs $45/sf and there are 500 stalls: 9- Added items –Program elements added to parking will increase the cost per stall. She is responsible for the design of over 250 parking projects and leads parking studies and parking structure design for the firm. The initial cost of each of the common systems is presented in the above bar chart. A surface parking space typically costs $5,000-10,000 per space to construct depending. If you intend to create a surface lot rather than a garage, costs can be … The average parking lot cost is $4,000 per space, with a space in an above-grade structure costing $20,000, and a space in an underground garage $30,000-$40,000. The taller a structure is the heavier it is, and this affects the foundation cost. 4- Structural system – 60% to 70% of the cost of parking is in the structural system. 2- Number of parking levels – In general, a larger-footprint parking structure that is shorter will cost less per parking space than a taller structure with a smaller footprint. Special site conditions such as the need to reroute utility lines or perform substantial demolition will increase the cost.10- Market conditions – As we have seen over the last few years, the cost of parking can be affected by market conditions. It will usually impact the efficiency, and the structural framing system, which, as described above, have a large effect on the cost. Overstate, and you may kill the project or lose the opportunity. The cost per space varies by area, but the average cost is between $24,000 and $25,000 per space for a parking garage. 330 sf/stall * 500 stalls = 165,000 sf * $45/sf= $7,425,000, 360 sf/stall * 500 stalls = 180,000 sf * $45/sf= $8,100,000. 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 … 650 8- Efficiency – This is the amount of square footage it takes for every parking stall overall. Typical parking garage structure for six hundred (600) cars should be in the range of $30 to $35 per gross square foot of parking area (July 2009). A mixed-use component in the project will increase the cost per stall. This cost would then be around 45% higher than the original cost or approximately $72 per square foot. These variances make it difficult to quote average garage operating costs on a per-space, per-year basis. For your construction costs and all the other associated costs, you can add GST on at 15%. Structures built in areas with poor soil conditions that require more expensive, deeper foundation systems will cost more. The cost of parking can have a substantial impact on the financial aspect of a project. Therefore, it is more reasonable to estimate parking operational and maintenance expenses on a garage-by-garage basis, using the following criteria: Method Of Operation Parking garages … Subscribe to our mailing list to receive our latest parking insights. 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. ©2021 Watry Design, Inc., All Rights Reserved, "The Top 10 Issues Affecting the Cost of Building a Parking Space" by Michelle Wendler for Parking Today, Typical efficiencies for short-span structures: 330-390 sf/stall, Typical efficiencies for long-span structures: 300-340 sf/stall, Efficiencies for mixed-use structures can be well over 400 sf/stall. ft., expect to pay as low as $7,250,000 or $11,600,000 on the high end. The garages will be built at a cost of about $35,000 per space. A member of the Sustainability Committee for the International Parking & Mobility Institute, Michelle has penned and spoken on a number of industry topics, such as Healthcare Parking as the First Line of Customer Service, Incorporating Photovoltaics into Parking Structures & Parking Structure Aesthetics. 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