Ground-level Parking Garage Square Foot Cost Assuming Reinforced Concrete / R/Conc. Frame Construction
| Cost Estimate (Union Labor) | % of Total | Cost |
|---|---|---|
| Total | $5,789,000 | |
| Contractor Fees (GC,Overhead,Profit) | 25% | $1,447,300 |
| Architectural Fees | 7% | $506,500 |
| Total Building Cost | $7,742,800 |
Unless space is an issue, most people do not build garages below ground, but if it is, one to two floors below ground is advised since prices grow to prohibitive levels after that. The average cost per place in an underground parking garage is between $32,000 and $50,000. Asphalt 2 is the most often used pavement material for surface parking lots.