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Thread: Parking garage construction costs

  1. #1
    Cyburbian prana's avatar
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    Parking garage construction costs

    Can anyone give me a some recent numbers on the cost of parking structure construction?

    I am looking specifically for 1-2-3 levels above ground.

    And I am also looking at the possiblity of a single level, below ground, but about 10 acres in size to have 3-4 story buildings above.

    Thanks
    "You can measure the health of a city by the vitality and energy of its streets and public open spaces.”-- William H. Whyte..

  2. #2
    Cyburbian MM1648's avatar
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    According to buildingteamforecast.com its nearly $38 per square foot for a parking garage on the surface, and roughly $60 per square foot underground parking.

    I say browse through the website, www.buildingteamforecast.com for more info.
    Today's classic was yesterday's innovation. -Landry

  3. #3
    moderator in moderation Suburb Repairman's avatar
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    I don't have one for a below grade garage, but you might pull some breakdown from this garage currently under construction at Texas State University:

    Total bid: $14.9 million
    Garage Portion of bid: about $13.7 million based on an earlier bid
    Number of spaces: 721
    Floors: 4? one of which is partially below grade.

    Cost per space: $19,000

    Renderings:
    Picture 1
    Picture 2

    Comments:

    Project also includes landscape garden, bus shelters and major pedestrian connections. The bids missed the estimated cost by about 44%. There was very little room for value engineering given the standards in the Campus Master Plan. Cement and structural steel costs are through the roof around here. Also, this garage had some dressing up done on it


    I think that the single story with buildings on top may be cheaper, but that is purely gut instinct. Basically, you are turning building basements into parking, so it wouldn't seem like there would be a bunch of reengineering if you were planning basements anyway. EDIT: Based on RTG's comments below, I could be completely wrong...
    Last edited by Suburb Repairman; 31 Jul 2007 at 4:09 PM.

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  4. #4
    Cyburbian Random Traffic Guy's avatar
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    $12-15k per space for the barebones garage aboveground, $25-30k underground. The aboveground matches well with MM's number shown $/SF above, but the underground is higher. Will vary by region, commodities prices, and efficiency of garage.

    Recently helped with a 750-space 3-level underground garage with 70,000 SF building on top. Total project was $33 million, not sure of the breakout. But would fit for $30k per space plus $10Mil for the building.

  5. #5
    Cyburbian Masswich's avatar
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    Depends a lot on the cost of land, labor, etc., in your area. Around here its about $20K per space above ground (more if you need lots of levels to make it work) and $50K or so per space for underground (the ocean is nearby and the watertable is a problem...)

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