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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)
Hopefully, you will find the cost information useful in planning for your parking expansion needs. Note that the median national parking structure cost of $17,533 per space is based on average national construction costs and will vary depending on geographic location and project features.s spending continues to increase, construction cost escalation will be higher than normal labor and material cost growth and in the range of 4-6% for 2013 and 5-7% for 2014.