What Factors Go into Parking Lot Paving Pricing?

A parking lot is essential to any commercial property, providing an inviting atmosphere and convenient access. Adding a new parking lot or renovating your existing design involves many considerations that will impact function and cost. What factors go into parking lot paving pricing? Understanding these parking lot design factors will ensure your happiness with finished paving results and a lasting return on investment.

Parking Lot Site Prep and Construction

The time, labor, and equipment needed for site prep impact the price of parking lot installation. Repaving a parking lot will always cost less than starting from scratch at a newly constructed location. For new parking lot installations, soil conditions and topography like hills and rocks will require more work to create a level parking lot surface. For sites with good soil intended for light traffic use, installing asphalt with a shallow foundation can save costs. You will need a deeper foundation for a location with poor soil or intended for heavy load and high traffic use.

Parking Lot Drainage

Water is pavement’s number one enemy, making good parking lot drainage essential. Our local asphalt company knows how to evaluate your grounds for issues impacting water movement. You can count on our experienced paving contractors to carefully integrate drainage to ensure a lasting parking lot design.

Parking Lot Size

Parking lot pricing rises in direct proportion to size. Larger designs require more materials and manpower to produce. To keep your budget under control and avoid paying for empty parking lot real estate, we recommend carefully considering how many parking spaces you need and the demand for parking surrounding your establishment.

Parking Lot Grading

Above-ground or above-grade parking lots require fewer materials, and less intricate engineering, resulting in less construction cost. Conversely, sublevel, below-grade parking additions can rapidly inflate your parking lot construction costs.

Number of Levels and Structure (Parking Garage Construction)

As with parking lot size, the more levels you add to your design, the higher parking lot pricing will rise due to materials costs, construction complexity, and the need for a larger, stronger foundation in proportion to height. You’ll also need to consider framing, choosing from a short-span design with small stall spaces, which costs less, versus a long-span design to accommodate larger vehicles, which requires a more extensive footprint at a higher cost.

Integrated Parking Lot Curbing, Walkways, and Ramps

Concrete structures add cost but dramatically enhance parking lot function and access. When should you consider adding concrete forms to improve your parking lot design?

• Curbing and islands direct pedestrians and cars where you want them
• Walkways improve safety, showcasing a direct path to your business
• Ramps ensure easy access and reflect your concern for disabled patrons and employees

Parking Lot Painting

No lot is complete without bright, crisp, easy-to-read parking lot striping. Our parking lot striping experts have you covered. We know how to maximize parking, facilitate optimal traffic flow, enhance safety, and ensure ADA compliance.

Market Conditions and Materials Costs

As we’ve seen with many products and materials in the aftermath of COVID, parking lot construction pricing is affected by market waves. If demand is high and materials, supply, and labor are scarce, costs will likewise climb until supply meets demand.

Get a Free Estimate on Parking Lot Pricing

American Asphalt understands what factors go into parking lot paving pricing and how that impacts your ability to create the parking facilities you need. We’re here to work within your budget, providing complimentary estimates and creative solutions to meet your paving needs. Contact us at 510-723-0280 to schedule a site evaluation and quote for parking lot paving or installation services for your San Jose, Fremont, Pleasanton, Fairfield, Alameda, Burlingame, or Oakland business today.