Question 1

How much does a parking lot cost per square foot?

Accepted Answer

Asphalt: $3.50–$8.00/sq ft. Concrete: $6.00–$12.00/sq ft. With add-ons (drainage, lighting, landscaping, ADA): $4.50–$12.00/sq ft total. Regional variation: ±25%.

Question 2

How much does a 100-space parking lot cost?

Accepted Answer

30,000–40,000 sq ft at $4.50–$12.50/sq ft all-in = $162,500–$462,000 including paving, striping, drainage, lighting, landscaping, and ADA compliance.

Question 3

Is asphalt or concrete cheaper for a parking lot?

Accepted Answer

Asphalt upfront: $3.50–$6.00/sq ft. Concrete: $6.00–$12.00/sq ft. Over 30 years, lifecycle costs are similar. Asphalt preferred in freeze-thaw climates.

Question 4

What factors affect parking lot cost per square foot?

Accepted Answer

Surface material, region (±25%), soil conditions, drainage needs, lot size (economies of scale), and add-ons (striping, lighting, landscaping, ADA).

Parking Lot Cost Per Square Foot