We’re frequently asked “What is the cost per space of the Robotic Parking System?”
The cost per space of the Robotic Parking System depends on three factors: a) the size and the layout of the property, b) the total number of parking spaces needed and c) the required speed of the system. These three variables are of equal importance in the equation for project estimate calculations and can result in prices ranging from $12,000 USD per space to over $30,000 USD per space.
Much more important than just comparing construction costs are the overall DEVELOPMENT costs. By implementing a Robotic Parking System into the project, additional spaces will be freed up and can be used to generate more revenue or for additional green space as well. These additional revenue generators need be put into the equation and will always result in a net development profit for the Robotic Parking solution in any urban development in which the land price is above $100 USD / SF. (Source: Professor Dr. D. Sollohub of Rutgers University)