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We have collected data nationwide to help calculate the average cost of parking lots in the US. The following are average costs and prices reported back to us: $1.60 per square foot (2 inch overlay) (Range: $1.49 - $1.70) $3.42 per square foot (tearout and replace) (Range: $2.50 - $4.33)
Perhaps the best way to estimate the cost of a new parking garage is to look at the number of spaces it contains. In 1996, the International Parking Institute estimated that new parking garages cost between $4,500 and $15,000 per space (depending, of course, on the type of construction, special features, etc.).A reliable average is approximately $7,000 per space for multi-level garages.erhaps the best way to estimate the cost of a new parking garage is to look at the number of spaces it contains. In 1996, the International Parking Institute estimated that new parking garages cost between $4,500 and $15,000 per space (depending, of course, on the type of construction, special features, etc.).