The two types of framing layouts are short-span and long-span. Long-span systems cost more per square foot, but you are getting more stalls in the same square footage. Furthermore, the costs are for a 500 space above-ground parking structure amortized over a 30 year highest and best use life span. As an example, the square footage for parking each car is generally more than one person takes up for his or her office. These amounts can be increased per … 5777 W. Century Blvd. So this 2-level garage would provide 100,000/330 = 303 parking spaces. If you take that same structure and put two levels below ground, the cost increases even more because of the impacts of having to dig deeper. ft. … These variances make it difficult to quote average garage operating costs on a per-space, per-year basis. Parking Today Media Cost estimate excludes V-shaped parking spaces… The average parking lot cost is $4,000 per space, with a space in an above-grade structure costing $20,000, and a space in an underground garage $30,000-$40,000. So, the more square feet you have to build per stall will increase the cost per stall. ft., expect to pay as low as $7,250,000 or $11,600,000 on the high end. Privacy Policy | Copyright © 2021 by Parking Today Media. For example: For example: Assume the structure costs $45/sf and there are 500 stalls: 9- Added items –Program elements added to parking will increase the cost per stall. This will cause the price to decrease but can create concern if the bidders are not qualified. 650 The cost of parking can have a substantial impact on the financial aspect of a project. The difference between a shallow and deep foundation system can increase the price approximately 10% overall – taking the cost from, say, $50 to $55 per square foot.6- Architectural façade treatment – The appearance of a parking structure is important to the surrounding environment. The more square feet you build for each stall, the more expensive it will be. A project is being contemplated, and a rough or… This cost would then be around 45% higher than the original cost or approximately $72 per square foot. Following is a full article from Parking Today's print magazine. The selection of a system that is not common in the area will generally cause the structure to cost more.5- Foundation – Since the structural system is such a high cost of the project, the foundation system has a large impact on the cost of structured parking. The swing can be 10% or more. If you can use the structural system to create the architectural look, the cost per square foot will be less, because the structural system is such a large cost of the project. This is a difference of $675,000, or $1,350 per stall. It will usually impact the efficiency, and the structural framing system, which, as described above, have a large effect on the cost. If this same structure is depressed one level into the ground, the cost can increase approximately 15% to $57.50 … Parking lots for example are required to have a specific amount of parking spaces per code determined by the size and occupancy of the building. … A normal bid market will generate four to six bids from qualified contractors. Ste. 330 sf/stall * 500 stalls = 165,000 sf * $45/sf= $7,425,000, 360 sf/stall * 500 stalls = 180,000 sf * $45/sf= $8,100,000. For your construction costs and all the other associated costs, you can add GST on at 15%. Items such as a photovoltaic system covering 50% of the top level can add approximately 25% to 30% to the cost per square foot of the building. The cost per space varies by area, but the average cost is between $24,000 and $25,000 per space for a parking garage. Table 3.1 provides a summary of the potential site concepts in terms of realized parking spaces and structure costs. 3- Parking below-grade – Parking below-grade is much more expensive than parking above-grade. Understate, and your client may commit to a project only to discover that actual costs are drastically more than anticipated. Radulovich noted that at such “further out” stations, “an argument can be made for parking lots as a land-banking strategy until … The cost per square foot of the first level that is on the ground is less than levels that are elevated above the ground. Number of parking levels – In general, a larger-footprint parking structure that is shorter will cost … A parking structure that is five levels above-grade may cost, say, $50 per square foot. There are two general types of framing layouts and there are different types of structural systems. The taller a structure is the heavier it is, and this affects the foundation cost. Special site conditions such as the need to reroute utility lines or perform substantial demolition will increase the cost.10- Market conditions – As we have seen over the last few years, the cost of parking can be affected by market conditions. The cost of parking can have a substantial impact on the financial aspect of a project. ©2021 Watry Design, Inc., All Rights Reserved, "The Top 10 Issues Affecting the Cost of Building a Parking Space" by Michelle Wendler for Parking Today, Typical efficiencies for short-span structures: 330-390 sf/stall, Typical efficiencies for long-span structures: 300-340 sf/stall, Efficiencies for mixed-use structures can be well over 400 sf/stall. A surface parking space typically costs $5,000-10,000 per space to construct depending. You can test sample scenarios using the online Parking Structure Cost Calculator. Underground parking would increase the cost per space amount as underground spaces … The garages will be built at a cost of about $35,000 per space. To build a standard five-story parking garage that is 145,000 sq. 2- Number of parking levels – In general, a larger-footprint parking structure that is shorter will cost less per parking space than a taller structure with a smaller footprint. The structural system of a parking structure can be either Cast-in-Place Concrete, Precast Concrete or Structural Steel. Michelle Wendler, AIA has been creating parking solutions for the firm’s clients for over 30 years. There may, however, be operational cost savings that can support this increase. A taller structure generally has a less efficient parking layout, which translates into more square feet for each parking space. The facility has 300 spaces and was constructed at a cost of $19,000 per space. Table 5.4.3-5 summarizes average construction costs for basic parking structures in various U.S. cities actual costs are derived from building... Beams spanning over the stalls and the preferred methods of construction in the.! 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