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Spaces are in such demand that there are waiting lists of buyers. Eight people are hoping for the chance to buy one of five private parking spaces for $225,000 in the basement of 246 West 17th Street, a 34-unit condo development scheduled for completion next January.
A parking structure that is five levels above-grade may cost, say, $50 per square foot. If this same structure is depressed one level into the ground, the cost can increase approximately 15% to $57.50 per square foot.- Structural system â 60% to 70% of the cost of parking is in the structural system. Therefore, the selection of the framing system will have a significant effect on the cost of each parking space. There are two general types of framing layouts and there are different types of structural systems.