How Much Does It Cost To Build An Underground Parking Garage?

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.

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