The average cost of one above ground parking space can range from $16,000 to $25,000. The average construction cost of one underground parking space can range from $30,000 to $50,000 in today’s market. These costs are directly related to design efficiency, construction methods, labor costs and geographical area.
Participation of a parking consultant on the project team will significantly reduce construction and ongoing maintenance costs, improve user comfort and safety and ensure that individual components and design features are in keeping with the overall design intent.
An acre of surface parking can accommodate anywhere from 110 to 145 vehicles, depending on layout, building codes, access points, landscaping and lighting.
Parking Design Group can maximize land-use through site-specific application of parking design principles. An acre of structured parking five stories tall can accommodate anywhere from 600 to 725 vehicles depending on local building codes and the skills of the parking designer.
Given today’s average construction cost of one parking space, developers and architects can realize significant cost savings by seeking the guidance of skilled parking design consultants such as Parking Design Group. This cost saving is realized even more when Parking Design Group is involved early in the conceptual and schematic design plans.