Asphalt paving guide

    Parking lot paving cost in 2026

    Commercial asphalt runs $3.50 to $7.50 per square foot installed for new construction in 2026. Overlays on a sound base run $1.75 to $3.50 per square foot. Real numbers depend on thickness, base prep, drainage, and striping.

    Typical parking lot cost by size

    Lot size Low High
    Small lot (5,000 sq ft, ~15 spaces) $17,500 $45,000
    Medium lot (20,000 sq ft, ~60 spaces) $60,000 $160,000
    Large lot (50,000 sq ft, ~150 spaces) $140,000 $375,000
    Big box / industrial (100,000 sq ft) $260,000 $700,000

    Ranges assume new construction. Overlays cost roughly half of these numbers on a sound base. Excludes specialty work like permeable pavement or heavy industrial sections.

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