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Table 1. Change in Median Cost Per Structured Parking Space, 2017-2023

Source: WGI, “Parking Structure Cost Outlook,” (2018-2023), National Median Construction Cost of Parking, Per Space.
YearMedian Cost per Parking SpaceYoY Increase
2017$19,700no data
2018$20,4503.8%
2019$21,5005%
2020$22,2003.3%
2021$25,70015.8%
2022$27,9008.6%
2023$29,0003.9%
Average YoY Cost Increase $1,4006.7%