Construction Cost Estimates for Underground Parking Garage in National, US

The following analysis estimates the cost to build an underground parking garage using US National Average costs from 2013 RSMeans cost data. Costs are derived from a building model that assumes basic components, using union labor for a 100000 square foot building.

Scope differences and market conditions can cause costs to vary significantly. To see an estimate of the costs to build an underground parking garage in a specific city or metropolitan area, go to our index of underground parking garage models by state.

NOTE: This cost estimate uses 2013 RSMeans data. A more accurate estimate using current RSMeans cost data is available on RSMeans Online - our online cost estimating tool.

Underground Parking Garage Construction Cost Assumptions
Location: US National Average
Stories: 2
Story Height (L.F.): 10.00
Floor Area (S.F.): 100000
Basement Included: No
Data Release: Year 2013

Underground Parking Garage Square Foot Cost Assuming Reinforced Concrete / R/Conc. Frame

Cost Estimate (Union Labor) % of Total Cost Per SF Cost
Total $57.89 $5,789,000
Contractor Fees (GC,Overhead,Profit) 25% $14.47 $1,447,300
Architectural Fees 7% $5.07 $506,500
Total Building Cost $77.43 $7,742,800
Cost Estimate (Open Shop) % of Total Cost Per SF Cost
Total $51.73 $5,172,500
Contractor Fees (GC,Overhead,Profit) 25% $12.93 $1,293,100
Architectural Fees 7% $4.53 $452,600
Total Building Cost $69.18 $6,918,200