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Average cost per square meter of building a multi-storey car park in UK 2016 and 2018

London leads the ranking of the most expensive region to build a parking garage in. Like two years previous, in 2018 London was still consecutively the most expensive area to build in. This was also true for other public building constructions in the UK and seems unsurprising given the city’s standing as a commercial and financial hub.

Below ground construction most expensive

As seen in this statistic, costs per square meter of internal area have increased in all areas across the UK, with the only exception being the UK North where it had become cheaper to build multistory car parks above ground. It was generally more expensive to do construction below ground than above. Limited space in English urban conurbations has seen residents more likely to park their car on streets than in garages.

London most expensive in Europe

The UK capital was continually ranked as the most expensive European city to build in. This was true not only for multi-unit high rise constructs, but also office facilities specifically. In both instances only New York proved to be more costly.

Average cost per square meter of internal area in the United Kingdom (UK) for building a multi-storey car park in 2016 and 2018, by region

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Source

Release date

April 2018

Region

United Kingdom

Survey time period

2016 and 2018

Supplementary notes

Further details about which regions make up the figures for UK South, UK Central and UK North are unavailable.

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