3 ms·
A quick web search puts local underground parking garages including necessary street alterations at about 1.7x the cost of surface parking, per parking square.
by hypertele-Xii 3y ago
A quick web search puts local underground parking garages including necessary street alterations at about 1.7x the cost of surface parking, per parking square.
Not sure if that falls within the purview of enormously more expensive.
- colonwqbang 3y agoThat doesn't sound reasonable. The figures I found say it's 2.5-30x the cost. https://www.fixr.com/costs/build-parking-garage https://www.fixr.com/costs/build-parking-garage
- mikeyouse 3y agoAnd the real cost of building parking in a residential building isn't the cost of the concrete and painted lines -- but in the opportunity cost of not being able to build / sell more units in the space occupied by cars.
- tivert 3y ago> And the real cost of building parking in a residential building isn't the cost of the concrete and painted lines -- but in the opportunity cost of not being able to build / sell more units in the space occupied by cars. It's obviously not that simple, because the US isn't a place where no one wants a car but everyone is somehow forced into getting one. I wouldn't live in a residential building with no space a car, and I'm not alone. I'd imagine that most buildings like that just create an externality, where the residents use parking elsewhere.
- Spooky23 3y agoMaybe for construction, if the building is designed around the need for parking. Parking garage operations are expensive. Self park doesn’t generate enough yield in a dense urban environment. You need to stack cars in there, maybe offer valet contracts to hotels, etc. Even in cheap city, urban monthly covered parking is around $150.