Parking structures can cost over $100 million USD and range from $15,000 to $140,000 USD per space. Large structures include West Edmonton Mall, Seattle-Tacoma Airport, and Metro Detroit Airport. They can last 50 years without major overhauls.
The cost of a parking structure can vary widely, depending on where it’s built, how big it is, and the materials used to make it. Some of these cost more than $100 million US Dollars (USD). This works out to about $40,000 USD per parking space for above ground structures, and some underground structures come out to about $140,000 USD per space. The average cost for a typical above-ground parking structure in the United States is approximately $15,000 USD per parking space.
Further information on parking facilities:
Unlike many other facilities, parking facilities are often not subject to building security checks after their initial inspections.
The largest parking structures in the world include the parking lot at the West Edmonton Mall in Alberta, Canada, which has 20,000 parking spaces; the Seattle-Tacoma International Airport parking lot, which has 13,000 parking spaces; and Metro Detroit Airport’s McNamara Terminal, which seats 11,500.
Parking structures can last 50 years without major overhauls. A paved parking lot lasts about 20 years before needing to be repaved.
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