Across the country, the average cost to construct a parking garage ranges from $7.5 million to $12 million, with the majority of individuals spending approximately $9.75 million for a 150,000 square foot multi-level parking garage above ground. The lowest expenditures connected with this project are $150,000 for a surface lot measuring 30,000 square feet.
Parking Garage Square Foot Cost Assuming Face Brick with Concrete Block Back-up / Precast Concrete as the Construction Material
|Cost Estimate (Union Labor)||% of Total||Cost|
|Contractor Fees (GC,Overhead,Profit)||25%||$1,762,100|
|Total Building Cost||$9,339,300|
Should you rent or buy construction equipment to build a parking garage?
The purchase or rental of construction equipment will be necessary if you plan on constructing parking garages on a regular basis (as you should). If you intend on employing a construction firm or a group of construction companies, the cost will almost certainly be reflected into the amount you pay for labor, which might result in significant savings.
How big can I build a garage?
- If you want to construct your garage without obtaining planning approval, it must not be more than 4 metres in height.
- That’s a distance of 13.12 feet.
- Planning approval will be required for any garages that are more than a single storey high with eaves that exceed 2.5 metres and a height of 4 metres, such as those with a dual-pitched roof or those that are more than 3 metres in height for any other type of roof.
How much does it cost to build a parking space?
The expense of constructing a parking space is high: a typical surface parking spot costs between $5,000 and $10,000 to create (including the value of the land it occupies). Depending on the location, a parking space in a garage might cost anywhere from $25,000 to $50,000. Studies have been conducted to determine the total explicit cost of the parking we supply.
How much is it to build a garage yourself?
It is preferable if the company has been in business for at least five years, has the required certificates or licenses, is insured and bonded, and provides guarantees on materials and labor. It is also preferable if the company has an A/A+ rating with the Better Business Bureau. – Have positive reviews on sites such as HomeGuide and Google