2. Examples of Parking Costs
Parking costs are rarely separated out in a development, especially for
parking. This section reviews actual data on parking costs to give policy
makers and developers a better understanding of the dollar costs of parking.
Table: Review of Selected Examples Which Indicate Parking Space Costs.
| Cost per Space |
Cost of.... |
Description |
Source |
| $10,000 |
Construction costs of surface parking.
(Excludes land.) |
Average from national survey of public garage
costs, adjusted for Bay Area costs |
RS Means, p. 562, 648 |
| $14,000 |
Construction costs of above ground
structures. (Excludes land and architectural fees.) |
Average from national survey of public garage
costs, adjusted for Bay Area costs. Does not include costs of
sprinkler and ventilation systems which are required for underground
parking. |
RS Means, p. 471 475 , 648 |
| $9,450 |
Land costs per space. |
For surface parking, land cost equal the size
of the space. If a parking lot averages 315 square feet per space
(includes circulation) and land costs $30 a square foot (which it
regularly reaches in Bay Area suburbs), land alone for parking costs
nearly $10,000 per space. (See below for more examples.) |
Calculated |
| $25,600 |
Parking Garage. Per space added (Includes
land.) |
Average cost per space added (in 1998
dollars) of six parking structures built on the UCLA campus since 1977. |
Shoup (1999a) |
|
$17,848
$16,373
$13,000
$6,751
$8,500
$10,000 |
Palo Alto
Walnut Creek
Mountain View
Mill Valley
Concord
Berkeley |
In-Lieu Parking Fees. These cities
sometimes allow developers to pay the amount listed at left per space they
are required to build as per the zoning code in-lieu of building the
space. Since in-lieu fees fund public parking construction, they are
a proxy of cost per space |
Shoup (1999b) |
| $39,000 or $46,000 |
Price of housing (condominium and single
family unit) |
Holding other factors equal, this is the
increase in the market price of a housing unit in San Francisco if it
includes a parking space compared to housing that does not include a
parking space |
Jia & Wachs |
| $50,700 |
design, administration, construction and
financing |
The anticipated cost of two new parking
garages in downtown Palo Alto. The two garages will add at a total
of 905 spaces at a cost of $45.9 million. |
Snow, Fein |
Exchange: Provide Your
Data! Questions? Call 415.989.8160
It is our intention to house on this website other regional calculations and
estimations of parking costs for housing developments. So please consider
adding your experience for others to draw from and use in local policy
discussions.
Sources:
Jia, Wenyu and Martin Wachs. 1997. Parking and Affordable Housing. Access,
Vol. 13, No 3:22-25. Available at: http://socrates.berkeley.edu/~uctc/Access13.pdf
(Visited March 1, 2001).
Fein, Geoff S. 2001.
Council OKs Parking Fee For Downtown Merchants. Palo Alto Daily News
(March 20).
RS Means. 1999. Building Construction Cost Data 2000: 58th Edition. Robert S.
Means Co.
Shoup, Donald C. 1999a. The Trouble with Minimum Parking Requirements.
Transportation Research Record, Part A, Vol. 33:549-574.
Shoup, Donald C. 1999b. Instead of Free Parking. Access, Vol. 15, No
2:6-9. Available at: http://www.uctc.net/access/access15.pdf (Visited March 15,
2001).
Snow, Marv. 2001. Parking Votes
To Be Counted Monday. Palo Alto Weekly (March 16).
|
