Architecture Commons^™

The Cost Versus Price For Parking Spaces At Major Employment Centers: Findings From Uc Berkeley, Tudela-Rivadeneyra, Manish Shirgaokar, Elizabeth Deakin Aldo, Manish Shirgoakar, Elizabeth A. Deakin, William W. Riggs

William W. Riggs

In dense urban areas, surface parking often poses an opportunity cost, and reuse of the land for urban development with parking relocated to a multistory structure may be an attractive option. This paper analyzes the cost of replacing surface parking with a parking structure and finds that it may be equally cost effective to pursue travel demand management strategies. The paper analyzes what it costs to build a parking space in a multi-story structure (garage) using US average data as well as data from a substantially higher-cost case, the University of California, Berkeley. The Berkeley case illustrates how replacement of …