US parking garage costs rise 6% in 2026 to a median $33,300 per space

Policy watch · Global · reported 4 September 2026

WGI's Parking Structure Cost Outlook 2026 puts the median construction cost of a US parking structure at $33,300 per space, or $98.75 per square foot, up 6% year on year.

Why it matters: cost per space is a key input when cities weigh multi-level car parks against other uses of public money. India has no equivalent published benchmark.

Source: Building Design + Construction

Policy watch is WA Foundation's summary of public reporting on parking, mobility and urban land. We link to the original reports; figures are as reported by them.