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Generally speaking, material and labor costs will be between $800 and $1,200 per parking space. This, of couse does not include your land any land-related expenses.

What does it cost to build a parking garage?

Perhaps the best way to estimate the cost of a new parking garage is to look at the number of spaces it contains. In 1996, the International Parking Institute estimated that new parking garages cost between $4,500 and $15,000 per space (depending, of course, on the type of construction, special features, etc.). A reliable average is approximately $7,000 per space for multi-level garages. Surface facilities can be built for around $1,500 per space in most cases. (More than 60 percent of paid off-street parking is in surface lots with the remaining 40 percent in garages.)

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