How Much Does It Cost to Pave A Parking Lot?

In order for a growing business to ensure its customers have an enjoyable and convenient visit, a parking lot is essential. Or, if you live in a rural area and want to build a private road, or driveway, or pave a large parking area, using asphalt or concrete can be a great option to ensure your drive is smooth and durable. If you’re planning to pave a parking lot, we have the cost guide to help you budget.

It typically costs $85,000 on average to pave a parking lot.
Paved parking lots are usually made of asphalt or concrete, the former costing less.
Size and material are the two biggest cost factors.

International Average Cost	Minimum Cost	Maximum Cost
$85,000	$20,000	$250,000

FAQs For Pave Parking

What can be the best paving for parking spaces?

Concrete. Concrete paving is a reliable option for a driveway or parking lot. Despite its relatively high installation costs, concrete is a low maintenance material, making it cost-effective in the long run.

How much does it cost to pave a parking lot in California?

Expect to pay about $1 to $2.50 per square foot for materials, then another $1.50 to $2 per square foot on labor when building an asphalt parking lot.

What is a blacktop parking lot?

They are known by many names, such as asphalt parking lots or tarmac parking lots. An asphalt parking lot is pliable, making it more forgiving than any other type of parking lot material, such as concrete. These types of parking lots perform better in the freeze and thaw cycle.

How do you layout a parking lot?

Ideally, parking lots should be rectangular with parking on both sides of access aisles. For two-way traffic flow, parking spaces perpendicular (90 degrees) to the aisles provide the most efficient design. The efficiency decreases as the parking angle decreases.

What material is used for parking lots?

Asphalt: Functional, durable and cost-effective, asphalt is probably the most popular parking lot material in both homes and businesses across the country. An asphalt parking lot is installed in a shorter amount of time, and, when maintained properly, it can last up to 20 years.

Cost to Pave A Parking Lot per Square Foot

Paved parking lots typically cost between $4.50 and $9 per square foot and are usually made of either asphalt or concrete. Paving with asphalt costs $4 to $6.50 per square foot, while paving with concrete costs $6 to $9. Gravel is also an affordable option at $3.25 to $4.80 per square foot, though then the parking lot is not paved.

The average parking spot requires 300 to 350 square feet per car, plus some open area for walking space, so keep this in mind as you plan what size you need.

Factors Influence the Cost to Pave a Parking Lot

The size and type of parking lot you choose make the most difference in price. Some materials are more affordable than others but have their drawbacks. Although gravel is the least expensive parking lot material, it’s not as durable as asphalt or concrete, and it also doesn’t last as long. As you plan out your project, take these two factors into consideration.

Service Company

Not all paving companies offer the same services. It’s important to ask plenty of questions when looking for a contractor, so you don’t end up with anything extra (expensive). It is smart to look at all your options before deciding on who you are going to hire. Doing this will let you rest easy knowing that you got the best possible deal on your paving project.

Size

How many cars do you need to fit in your parking lot? Depending on the answer to this question, you will be able to determine the size of the build. A parking space requires a minimum of 300 square feet to fit one car, with more space needed for accessible spaces, walkways, entrances and exits.

Material

There are four common materials used for parking lots, but asphalt and concrete are the two most often used for paved parking lots in particular. Below is a cost breakdown for each material:

Asphalt: $4–$8 per square foot
Concrete: $5–$10 per square foot
Gravel: $4.25–$4.80 per square foot
Tar and chip: $2–$6 per square foot

Labor

The difficulty of paving projects varies as well. Your contractor may charge more or less depending on how in-depth the paving project is. If you are planning on a large-scale project, then you should be prepared to spend more time and money on labor as necessary.

Don’t Forget About Maintenance Costs!

Maintenance costs should be factored into your long-term investment, just as you would with any asset or appliance. Fortunately, maintaining an asphalt parking lot is just as affordable as installing one. You can maintain your parking lot in the following ways.

Repair Cracks And Potholes

Small cracks in asphalt can usually be repaired by yourself for a few dollars if you catch them early. Keep an eye on your parking lot to make sure small problems don’t grow larger.

Seal Coat Your Asphalt

Your contractor may offer seal coating as part of the paving process. If applied properly, seal coating usually costs less than $25 per square foot and protects asphalt from harmful elements. If your contractor did not offer a seal coat as part of the deal, then you should still consider investing in it. Applying sealant to your pavement every 1-2 years drastically increases your parking lot’s lifespan.

Clean Spills Thoroughly

As soon as the asphalt parking lot has been paved, you should invest in an asphalt cleaner. Vehicles often drip fluids that can wear down asphalt. Cleaning your asphalt regularly can increase its lifespan and save you money on repairs.

Parking Lot Average Cost

You can choose how big your parking lot is depending on how much you’re willing to spend. Here are some common budget ranges and what you can get for each.

$20,000

Around 4,000 square feet could probably be paved for this amount, enough for a 10-car parking lot. By choosing asphalt, you can likely make your lot a bit bigger than if you choose concrete for the same amount of money.

$85,000

With this budget, you will be able to build a much larger parking lot closer to 30,000 square feet, which can accommodate around 100 vehicles.

$250,000+

A huge 60,000-square-foot parking lot can accommodate 200 cars at the very high end. This is a size more commonly used for commercial buildings like shopping stores and office spaces.

Maintains, Pave A Parking Lot

When your parking lot has been built out and everything is finished, you shouldn’t have to do any immediate maintenance. But, over time, the elements will take their toll, cracks, potholes, and other issues will pop up.

Where we live and work, these issues can be much more common than in other states, where drastic changes in temperature and shifting soil are less likely. Having a plan in place to repair issues as they happen will keep your lot from falling into disrepair.

Hiring a professional to keep your parking lot clean and in good repair is the best way to make sure that it stays looking its best and lasts for many years.

How Can We Help?

You can count on Paver Experts to complete your residential or commercial paving project efficiently and promptly. We have over 5 years of experience paving asphalt driveways, making asphalt repairs, and seal coating. Our service area is in Boca Raton all cities. Call us today.

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