FAQs
How long does an asphalt lot last?
Asphalt parking lots can last up to 30 years if maintained well. This includes repaving your asphalt every 15 or so years. Resealing it every 3 to 5 years can also help extend the life of your asphalt parking lot.
How long does it take to install a parking lot?
The average contractor will take between 2 and 4 weeks to install a parking lot. That timeline includes:
Preparation and freight for the materials
Preparing the surface
The actual paving
Allowing the asphalt to cure
Striping the individual spaces
You might pay more based on project size, weather, or shipping time, if you're not shopping local for materials.
How much does it cost to build a parking garage?
The average price of a parking garage ranges between $7.25 million and $10.15 million, with the national average being a little over $9 million. This comes out to about $50 to $70 per square foot. The national average parking garage size is 145,000 square feet and five stories tall.
How much does a parking pad cost?
The price of a parking pad is between $500 and $3,500 and depends mostly on materials, as well as the size of parking pad you need to park a car, boat, or other large item or vehicle. You can install a gravel pad for as little as $500. A 24x24-foot concrete slab will cost about $3,500.
How much do parking lot repairs cost?
The average asphalt repair rate is between $980 and $3,400. The price to fix potholes ranges between $2 and $4 per square foot. Fixing concrete parking lots costs more than asphalt, but you'll wind up reaping the benefits of those repairs for longer.
What is required to install a commercial lot?
Depending on your city, state, or jurisdiction, you may need special permissions to install a commercial parking lot. Check local building codes and call your local offices to determine the fees, permits, or hoops you may need to jump through.
One important thing to note is that all commercial parking lots need to follow The Americans with Disabilities Act (ADA) regulations to ensure those living with disabilities can access what they need in your lot.
In some municipalities, you must have a minimum of three parking spaces per 1,000 square feet of floor space.Â
How do you maintain a parking lot?
Depending on the material of your parking lot, you may need to reseal, resurface, or fix potholes on an asphalt or concrete surface. Adding overlay every 5 to 15 years to your parking lot helps maintain its look, durability, and structural integrity and is highly recommended.