Parking Structure Cost Outlook For 2022
In-Depth Economic Forecast & Parking Structure Construction Cost Study
WGI's parking experts analyzed data from hundreds of completed parking structure projects of varying size, scope, and geographic location to generate this annual report. Our experts maintain this database to provide our clients and the industry with detailed construction cost information and forecasting that will be crucial to any developer planning a parking structure project in 2022 or beyond.
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Ongoing Challenges
Construction in the United States saw unprecedented challenges in 2021 as we emerged from the Covid-19 pandemic. We found an economy facing currency inflation rates approaching the highest in the last 40 years, population growth, skilled and unskilled labor shortages, and supply chain issues.
What does this mean for new parking garage construction and the cost for these facilities in 2022 and the near term?
WGI has specialized in parking structure planning and design since 1983, and our Annual Parking Structure Construction Cost Report provides an important planning tool for owners, contractors, and design teams across the nation. Our construction cost database contains hundreds of completed parking structure projects of varying size, scope, and geographic location.
Download our study and unlock the latest in-depth economic forecast for 2022 and discover the answers to important questions such as:
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How much does it cost to build a parking garage in 2022?
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Does geography play a role in parking garage cost?
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What are cost drivers, and how do they impact the costs when building a parking structure?
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How will inflation and infrastructure spending affect the cost to build a garage?
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And much more...
