It Costs $21,500 Per Space To Build A New Parking Structure. 💸 Here's Why.

Every year, WGI publishes a forecast of parking structure construction costs to help our clients make better informed decisions about their building and facility investments. It is based on a statistical analysis of historical project data, completed projects, and other industry forecasts. WGI’s national median cost can be re-adjusted to reflect a median construction cost in almost every city in America. As of March 2019, our statistical data

indicates that the media construction cost for a new parking structure is $21,500 per space and $64.77 per square foot, increasing 5.1% from March 2018 when the media cost was $20,450 per space based on our historical database. The table below lists the 2019 median parking structure construction costs in various U.S. cities with the lowest in Miami, the highest in New York City, and Portland, Oregon closest to the national average.

Read and download a free copy of the study from our website

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