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  2. Structured parking was expensive long before today’s housing crisis.
?WHY IS
RENT HIGH?
The cost of required parking

Structured parking was expensive long before today’s housing crisis.

Later UCLA garages commonly cost about $19,000–$26,000 per net added space in 1994 dollars.

REDRAWN FROM STUDY DATAFigure 2 · Cost per net parking space added at UCLA
Figure 2 · Cost per net parking space added at UCLALater UCLA garages commonly cost about $19,000–$26,000 per net added space in 1994 dollars. Values reconstructed from quantities reported by the authors at Figure 2; values are printed above each bar in constant 1994 dollars.05,00010,00015,00020,00025,00030,000Cost per parking space added (1994 $)Year structure was builtUCLA parking structures1961196319641966196719691977198019831990 A1990 B1991
Figure 2 · Cost per net parking space added at UCLA. Values reconstructed from quantities reported by the authors at Figure 2; values are printed above each bar in constant 1994 dollars.
Year structure was builtUCLA parking structures
196112800
19639800
196411200
196612300
196714000
196912400
197724700
198019200
198326300
1990 A23800
1990 B25600
199123300

Source: Shoup (1997) · Figure 2; PDF p. 5

Data: Values reconstructed from quantities reported by the authors at Figure 2; values are printed above each bar in constant 1994 dollars.

Keep in mind: These are construction costs for twelve UCLA parking structures, not a direct estimate of how much a parking mandate raises rent.

Share the evidence

Structured parking was expensive long before today’s housing crisis.

Later UCLA garages commonly cost about $19,000–$26,000 per net added space in 1994 dollars.

Source
Shoup (1997)
Figure
Figure 2 · Cost per net parking space added at UCLA · Figure 2; PDF p. 5
Redraw data
Values reconstructed from quantities reported by the authors at Figure 2; values are printed above each bar in constant 1994 dollars.
Keep in mind
These are construction costs for twelve UCLA parking structures, not a direct estimate of how much a parking mandate raises rent.
View values used in redraw
Values used to redraw Figure 2 · Cost per net parking space added at UCLA
Year structure was builtUCLA parking structures
196112800
19639800
196411200
196612300
196714000
196912400
197724700
198019200
198326300
1990 A23800
1990 B25600
199123300
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?WHY IS
RENT HIGH?

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