Parking Garage Cost Estimator

Whenever thinking of constructing a new construction project or planning to expand, it’s obvious to feel about the parking need. The average space of parking is 300 square feet for a single car. 

Building a parking garage instead comes with some sizable up-front expenses, it’s true. Although, planning to invest in a high quality parking structure will help you to enable your future parking needs. If you’re one of those who are thinking of constructing parking then you might be wondering that How much it costs to build a parking garage. You can get in touch with Parking Garage Cost Estimator services if you want a detailed report about it. 

Here’s the breakdown of parking garage construction:

Land

If you want to do the construction for a 300-car one-level parking lot, then a low-to-average estimate of 300 square feet/car, it will be 90,000 square feet—minimum.

The installation cost may vary by the state but the price of commercial properties are increasing in the United States.  So long as local zoning allows it, the best way to do this is by building upwards. In most cases, this allows you to nearly multiply the number of parking stalls you can fit by the number of floors you build. (“Nearly,” as the shape of your design will factor into the total surface area available.) Consider that across three stories, you might fit that same 300-car garage in a 30,000 sq. ft footprint!

Materials

While the materials needed to build wall protection for a parking garage are economical, industry professionals advise that any material can easily become expensive if it isn’t used correctly. 

The largest concern is that people could be injured if a structure fails partially or completely when cutting costs. A less obvious issue is that you’ll be racking up maintenance costs one after another if your construction isn’t up to snuff. Here are the costs of the major materials used in building a parking garage and how to avoid problems.

Concrete

The primary material used to build the average parking garage is concrete. It’s an affordable, common material, but don’t make the mistake of thinking just anyone can mix or apply it correctly. 

Do your research and find a trusted construction company near you to do your paving and rest assured that you’re building a garage that functions safely and will turn a profit year after year.

Electrical and Plumbing

You—or more likely, vendors you hire—have to run electrical and plumbing through your parking garage to keep up to code.

Specialty Parking Garage Materials

Other major costs will be the things that make a parking garage a parking garage: all the traffic signs, kiosks, booths, gates and so on to control traffic and collect payment.

Construction Equipment

Construction equipment can be a significant expense to undertake. The good news is, you might not have to buy it.

If building parking garages is something you plan on doing often, you’ll want to purchase or rent construction equipment. If you’re planning on hiring a construction company or companies, though, the cost will more than likely be factored into what you pay for labor, which could translate to savings.

Labor

Now you have all the materials to build…you clearly can’t just throw them in a pile on your land. You still need workers!

How much you pay for labor depends on a few things, including the going rate in your area, any state or local laws that might put you in a unique situation, and most significantly, time. So how long does it take to build a parking garage, then? Unfortunately, there’s not an easy answer—This is far too variable. Things like weather, material availability, and the design of your parking garage will affect the build time, but different crews also build at different rates, even if they’re the same size. You’ll want to make a specific build schedule with your subcontractors. 

Here’s an idea of what you’ll be paying for:

Wages

Wages are the first expense that comes to mind when considering labor, but this isn’t necessarily the cost you should consider. The subcontractors you hire will be tasked with maintaining their workers if you plan on outsourcing the build—and if you’re managing your own crew, you probably don’t need this article!

Still, it’s good to be up to date on local wage laws, and especially on the fees, you’ll be charged by your vendors. If you don’t have enough budgeted for labor, your project could simply not be finished!

Insurance

Building definitely isn’t the safest profession out there! For that reason, paying for construction involves the cost of liability insurance, either paid directly by you or rolled into what you pay contractors.

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