Construction Cost Estimates for Underground Parking Garage in National, US
How Much Does it Cost to Build an Underground Parking Garage?
The following analysis estimates the cost to build an underground parking garage using US National Average costs from 2019 RSMeans cost data. If you would like to localize costs to your specific zip code, RSMeans Data Online allows you to easily localize the cost of your entire estimate to zip codes across the United States and Canada. Costs are derived from a building model that assumes basic components, using union and open shop labor for a 100,000 square foot building.
Scope differences and market conditions can cause costs to vary significantly. To see an estimate of the costs to build an underground parking garage in a specific city or metropolitan area, go to our index of underground parking garage models by state.
NOTE: This cost estimate uses 2019 RSMeans data. A more accurate estimate using current RSMeans cost data is available in RSMeans Data Online.Try Free For 30 Days
Underground Parking Garage Construction Cost Assumptions
Garage, Underground Parking with Cast in Place Concrete / Reinforced Concrete
|Cost Estimate (Standard Union Labor)||% of Total||Cost Per SF||Cost|
|Contractor Fees (General Conditions,Overhead,Profit)||25%||$16.58||$1,658,337.03|
|Total Building Cost||$89.55||$8,955,019.96|
|Cost Estimate (Open Shop)||% of Total||Cost Per SF||Cost|
|Contractor Fees (General Conditions,Overhead,Profit)||25%||$14.54||$1,453,700.17|
|Total Building Cost||$78.50||$7,849,980.90|