Average parking construction costs in the U.S. Q3 2024, by city

Published by
Fernando de Querol Cumbrera,
Dec 6, 2024

In the third quarter of 2023, San Francisco was the U.S. city with the highest average construction cost for basement parking space, and Portland for ground parking space. On the other side of the spectrum, Phoenix had some of the lowest average parking construction costs, at 80 U.S. dollars per square meter for ground level parking space, and 123 U.S. dollars per square meter for basement parking space.

Average construction costs of parking space in the United States in 3rd quarter 2024, by city (in U.S. dollars per square foot)

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Release date

December 2024

Region

United States

Survey time period

3rd quarter 2024

Supplementary notes

Figures are Statista calculations, based on low and high building costs in the respective market.

The data in the chart below represents estimates of current building costs in each respective market. Costs may vary as a consequence of factors such as site conditions, climatic conditions, standards of specification, market conditions, etc. Values of U.S. locations represent hard construction costs based on U.S. dollars per square foot of gross floor area.

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Construction costs in the U.S.Construction industry in the U.S.Commercial real estate in the U.S.Public construction in the U.S.Residential construction in the U.S.
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