Cost of Parking Construction in Edmond
Parking construction in Edmond, OK, is a significant investment that requires careful planning and budgeting. Understanding the various factors that influence costs, as well as common tasks and their associated expenses, can help stakeholders make informed decisions.
Factors Affecting Cost
- Location: Proximity to downtown and commercial areas can increase land acquisition costs.
- Materials: Choice of construction materials, such as concrete or asphalt, affects overall expenses.
- Labor: Local labor rates in Edmond, OK, can vary, impacting the total cost.
- Design: Complex designs with additional features like lighting and landscaping can drive up costs.
- Permits and Regulations: Compliance with local building codes and permits can add to the budget.
- Size and Capacity: The number of parking spaces and total area directly influence the cost.
- Utilities and Infrastructure: Installation of utilities such as drainage, electricity, and plumbing can add to the expenses.
- Site Preparation: Costs for clearing, grading, and preparing the site for construction.
Average Costs for
| Task | Average Cost (Edmond, OK) |
|---|---|
| Land Acquisition | $50,000 - $200,000 |
| Site Preparation | $5,000 - $15,000 |
| Basic Asphalt Paving | $2 - $4 per sq. ft. |
| Basic Concrete Paving | $4 - $7 per sq. ft. |
| Multi-Level Parking Garage | $20,000 - $50,000 per space |
| Lighting Installation | $1,000 - $3,000 per fixture |
| Landscaping | $5,000 - $20,000 |
| Permits and Inspections | $1,000 - $5,000 |
Understanding these factors and costs can help in planning and budgeting for parking construction projects in Edmond, OK.
