The cost to construct parking structures rose 6% in 2026, according to WGI Inc.’s 2026 Parking Structure Cost Outlook.

The annual study found the median structure construction cost reached $33,300 per space, or $98.75 per square foot, as material costs, labor shortages, and code requirements continue to impact project budgets. The report found substantial differences in construction costs across the country.

San Francisco remains the nation's highest-cost market at $43,000 per space and $126.40 per square foot. Houston remains the most economical major market at $27,806 per space and $82.46 per square foot.

Factors impacting project budgets, include:

• Ongoing volatility in concrete and reinforcing steel pricing
• Persistent shortages of skilled construction labor
• New fire suppression requirements
• Expanding electric vehicle charging infrastructure mandates
• Tariffs affecting structural steel and aluminum products.

Parking structures remain particularly susceptible to material price increases because of their heavy reliance on concrete, reinforcing steel, and structural systems.