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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.
Parking garages are often budgeted on a cost per space. In most cases that cost averages $15-20,000 per parking spot. More efficient layouts with more parking per square foot are more affordable and smaller, taller or complex layouts tend to be more expensive.If you take the entire range from easiest to most complex it is $10-25,000 per space.f you provide elevators that are not shared with the building you need to budget between $50,000 and $110,000 per elevator. If you plan to install a fancier skin that can add costs. A big cost driver is the layout and the efficiency of the structural system and the parking layout.