
Parking Structure Cost Outlook for 2019
In 2019, the median construction cost for a new parking structure was $21,500 per space and $64.77 per square foot, increasing 5.1% over 2018.
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Jacob Gonzalez, VP of Parking Solutions in our Houston, TX office was a guest recently on The Parker-X (A Parking Industry Podcast). In this episode, The Parker-X team discussed strategies with Gonzalez for creating adaptive reuse and flexible parking structures. Jacob discussed how 2020’s parking structures are ahead of their time and how COVID-19 has accelerated the innovation in the parking and mobility realm. Jacob also goes into depth about WGI’s Parking Services as well as the evolving industry.
You can also listen to the Parker-X Podcast on Apple Podcasts, Spotify, and iHeart Radio.
Be sure to listen and subscribe to WGI’s Unleashed podcast on Apple Podcasts, Spotify, Google Play Music, or wherever you get your podcasts!
WGI is a national design and professional services firm leading in technology-based solutions for the construction of public infrastructure and real estate development. At WGI, we’re providing Tomorrow’s Infrastructure Solutions Today.
In 2019, the median construction cost for a new parking structure was $21,500 per space and $64.77 per square foot, increasing 5.1% over 2018.
Nicole Chinea, Senior Project Manager with our Parking Solutions division, serves on the TPTA Board of Directors and is this year’s Conference Chair.
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