Exactly How Much It Cost to Build the Average Parking Space In Your City

Streetsblog
By Joe LintonMar 2, 2026, 7:38 pm10 pts
What’s more expensive: a new car or a new parking space? As of 2025 a new car costs, on average, about $50,000. A new UCLA study finds that a new parking space, on average, costs even more. Not counting the cost of the land, an aboveground parking space costs on average $52,000 to build. Underground parking…

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