PRICEY PARKING

The cost of building parking structures will rise 6% in 2026 to $33,300 per space, a dumbfounding $98.75 per square foot. This is due to material volatility, labor shortages, and new mandates for fire suppression and EV charging. San Francisco remains the nation’s highest-cost market at $42,624 per space, or $126.40 per foot, while Houston remains the most affordable at $27,806 per spot or just $82.46 per square foot.