Average Cost to Pave a Parking Lot
New parking lot construction costs on average between $2.50 and $7 per square foot for both materials and labor. Expect to pay between $2.50 and $4.50 for asphalt or $4 to $7 for concrete.
Total costs vary drastically based on the size of the lot, ranging anywhere from $10,000 for a 10 car space with 4,000 square feet to $700,000 for a 300-car area covering 100,000 square feet.
On This Page:
- Construction Cost Estimate
- Asphalt Cost per Square Foot
- Concrete Cost Per Square Foot
- Cost Per Space or Size
- Repave a Parking Lot
- Concrete Lot Resurfacing
- Cost Calculator
- FAQs
Parking Lot Construction Cost Estimate
| Low | $10,000 |
| Average | $75,000 |
| High | $150,000 |
Parking Lot Asphalt Cost Per Square Foot
The $2.50 to $4.50 range per square foot for asphalt lots depends on local materials and labor prices.Cost of Parking Lot Pavement
Expect to pay about $1 to $2.50 per square foot for materials. Asphalt installation cost factors include the depth of the paving, shipping and freight fees, and local market prices.
Lot Paving Costs
Paving labor ranges between $1.50 and $2 per square foot. Where on that range your project falls depends largely on the local market and the individual contractor. Getting multiple bids from local commercial paving companies is essential.
Tar & Chip or Gravel Parking Lot Costs
A new tar & chip parking lot costs between $1 and $3 per square foot, while the price for a gravel lot ranges between $1.25 and $2 per square foot. Both are more cost-effective than asphalt but don't last as long and can't withstand extreme weather changes as long.
Find the Best Price to Build a Parking Lot
Concrete Parking Lot Cost Per Square Foot
Concrete parking lots range between $4 and $7 per square foot, including both materials and labor. It typically includes the cost to deliver concrete. Multiple bids can help you find the exact rate for your project.
Concrete Prices
Of the total cost to pour concrete, about $3 to $4 per square feet for materials alone. Pre-poured concrete slab prices range between $1.40 and $4 per square foot.
Cost to Build a New Concrete Parking Lot
The $2 to $3 per square foot of labor is largely a factor of local market prices as well as individual contractor charges.
Parking Lot Cost Per Space or Size
The average price to pave a single parking space is between $300 and $500. That's accounting for a spot that measures about 200 square feet, plus enough aisle space for larger cars and SUVs to pull or back into it.
The price of common lot sizes is based on the average cost per space:
| # of Spots | Square Footage | Price Range |
|---|---|---|
| 6 | 2,000 | $5,000-$14,000 |
| 10 | 4,000 | $10,000-$28,000 |
| 30 | 10,000 | $25,000-$70,000 |
| 100 | 35,000 | $87,000-$245,000 |
| 200 | 70,000 | $174,000-$490,000 |
| 300 | 100,000 | $200,000-$700,000 |
Cost to Repave a Parking Lot
Repaving your asphalt ranges between $0.90 and $2.50 per square foot. It involves adding a 2 inch overlay on top of the old surface. If the current lot is in bad shape, the overlay may need to be deeper than 2 inches, increasing project costs.
Parking lots need to be repaved about every 15 to 20 years.
Parking Lot Concrete Resurfacing Cost
Resurfacing your concrete lot costs between $3 and $5 per square foot. It's cheaper than new installation and can extend the life of the concrete beyond its initial 30 to 40 years.
Compare Quotes from Local Parking Lot Paving Pros
Parking Lot Cost Calculator
| Task | Price Range |
|---|---|
| Paving | $2.50-$7 per sq. ft. |
| Lot striping | $4-$5 per 18-foot line |
| Sealcoating | $0.14-$0.25 per sq. ft. |
| Installing parking lot lights | $900-$1,200 per light |
| Snow removal | $50-$150 per hour |
| Solar canopy/panels | $16,580-$30,700 |
| Parking lot sensors | $200-$600 per spot sensor |
| Parking lot bumpers | $50-$150 per bumper |
FAQs
How much does an asphalt vs. concrete parking lot cost?
A major difference between asphalt and concrete is that the former costs $2.50 to $4.50, while concrete ranges from $4 to $7 per square foot.
How long does an asphalt lot last?
An asphalt parking lot lasts about 15 to 20 years before it needs repaving. Resealing every three years can extend its life by up to 10 years.
How long does it take to install a parking lot?
The average contractor will take between 2 and 4 weeks to install a parking lot. That timeline includes:
- preparation and freight for the materials
- preparing the surface
- the actual paving
- allowing the asphalt to cure
- striping the individual spaces
How much does it cost to build a parking garage?
The average price of a parking garage ranges between $7.25 million and $10.15 million, or about $50 to $70 per square foot. For that range, you get a five story structure at the national average of 145,000 square feet.
How much does a parking pad cost?
The price of a parking pad is between $500 and $3,500 and depends mostly on materials. You can install a gravel pad for as little as $500. A 24x24 foot concrete slab will cost about $3,500.
How much does it cost to build a road per mile?
A mile-long road costs between $2 million and $11 million. More lanes increase that price, as does the area through which the road runs. Projects in rural areas are about 40% less than building the same road in a city.
How much are parking lot maintenance and snow removal?
The average rate for professional snow removal services is between $50 and $150 per hour. Hiring a commercial sweeping company ranges between $70 per application for a 25 car lot and $150 per application for a 300 car area.
How much do parking lot repairs cost?
The average asphalt repair rate is between $980 and $3,400. The price to fix potholes ranges between $2 and $4 per square foot while small crack repairs range between $1 and $3 per linear foot.
What is required to install a commercial lot?
All commercial parking lots need to follow ADA regulations to ensure handicap accessibility. Some, but not all municipalities require a minimum of three parking spaces per 1,000 square feet of floor space. Most states require permits before the installation can begin.
