In the most recent installment of our Webinar Series, WGI’s Vice Presidents of Parking + Restoration, Raymond Smith, PE, and Rob McConnell, PE, SE, led an in-depth exploration of our highly anticipated “Parking Cost Study.”

This session provided an exclusive opportunity for attendees to delve into the key factors shaping the future of parking consulting, backed by over five decades of WGI’s industry leadership.

Parking has long been a critical element in urban planning, and with the ever-evolving landscape of construction costs, our latest study offers invaluable insights that are essential for owners, contractors, and design professionals alike. During this webinar, we broke down the complexities of parking construction costs, focusing on several pivotal topics:

• Geographic Cost Variations: We analyzed how location influences construction expenses, highlighting the regional differences that can impact project budgets.
• Comprehensive Construction Cost Analysis: Attendees received a detailed breakdown of the 2024 cost per space, offering a forward-looking perspective on budget planning.
• Material and Labor Trends: With inflation playing a significant role in cost escalation, our experts examined the latest trends in materials and labor, providing strategies to mitigate rising expenses.
• Regulatory Impacts: The growing demand for electric vehicle (EV) infrastructure has introduced new regulatory challenges. Our webinar addressed how these changes are shaping the industry and what professionals need to consider moving forward.

But this webinar was not just an exploration of current trends, it was also a strategic guide for navigating the evolving demands of parking construction. By offering a comprehensive analysis of the factors driving cost fluctuations, WGI continues to empower professionals to make informed decisions that align with industry trends to future-proof their projects.

At WGI, we remain committed to providing you with the knowledge and resources necessary to succeed in an ever-changing industry. So, don’t miss out on this opportunity to stay ahead of the curve in parking consulting!

If you missed our live session or want to learn more about our experts’ insights on designing and constructing a parking facility, you can watch our full video recap below: