Parking Structure Cost Outlook for 2025
For more than four decades, WGI has specialized in the planning and design of parking structures across the United States, and our annual Parking Structure Construction Cost Outlook has become a go-to reference for developers, building owners, architects, engineers, and construction managers alike.
Based on a national database drawing from hundreds of completed projects and normalized through industry-standard indexes, the 2025 edition delivers current, credible, and actionable insights for budgeting, planning, and design development. Thousands of industry professionals have used this report to enhance project accuracy and mitigate financial risk…. and 2025’s edition is more essential than ever.
Key Takeaways and Emerging Trends
Our latest report delivers a clear, reliable snapshot of today’s market, revealing that the median cost to build a parking structure in the U.S. has increased since 2024, driven by labor shortages, rising tariffs, and evolving building code requirements.
Key Insights of the 2025 Cost Outlook Include:
- Detailed construction cost benchmarks by U.S. metro areas
- Impact analysis of interest rates, material pricing trends, and construction labor availability
- Cost implications of emerging requirements, including EV charging infrastructure, enhanced life safety systems, and sustainable design features
- A breakdown of median vs. premium design features and their corresponding cost impacts
- A comprehensive market forecast, drawing from leading sources including ENR, AIA, Dodge, PCA, and BLS
Whether you’re evaluating a basic open-deck structure or a mixed-use facility with integrated technology and adaptive reuse potential, this report offers a data-rich foundation for informed decision-making.
Move Forward with Clarity and Confidence
As economic conditions shift and industry demands evolve, accurate benchmarking is essential. The 2025 Parking Structure Cost Outlook arms you with the knowledge to navigate cost complexities, optimize project scope, and align expectations with market realities. So, if you’re involved in capital planning, design, or construction of parking facilities, this resource is essential to stay ahead of market trends and cost variables.
To discuss specific project planning, regional cost variations, or how WGI can support your next development, please reach out to our Parking Solutions team. We’re here to help you navigate the complexities of today’s construction environment so that you can plan, budget, and build with clarity and confidence.