Asphalt is one of the most affordable paving materials available for parking lots, driveways, and roads. On average it costs less than concrete per square foot and it is also more durable. Since parking lots tend to be large areas, asphalt is the most popular choice.
If you’re planning to pave your parking lot, you may be wondering how much asphalt costs per square foot. Here’s what you can expect to pay for new asphalt paving.
What is Asphalt?
Asphalt is the black pavement you see on roads, parking lots, driveways, and sometimes other surfaces. It gradually fades to gray over time, but regular sealing can help it keep a deeper black shade. Asphalt creates a hard surface that is still able to expand and contract with changes in temperature, which helps to prevent cracks, warping, and potholes.
Average Cost of Asphalt Per Square Foot
The average cost of asphalt pavement may range anywhere from $2 to $5 per square foot. Where your exact estimate will fall within that range depends on a number of factors. When compared with concrete that comes in between $4 and $7, asphalt is clearly the more affordable option in most cases.
Factors That Determine The Cost of Asphalt
The total cost of paving an asphalt parking lot varies based on the following factors:
- Size of your lot. Asphalt paving is estimated by square footage, so the bigger your parking lot, the higher your overall cost will be.
- New vs Replacement. If you are having a brand new parking lot paved for the first time, such as at a new construction site, the cost will generally be higher than replacing an asphalt parking lot that already exists and needs to be replaced. Resurfacing an existing parking lot costs even less if it is only the top layer of asphalt that needs to be replaced.
- Grading. Is your parking lot level or will grading of the land be required? Grading or regrading will add to the overall cost of your paving project.
- Drainage. Paved parking lots need adequate drainage to prevent damage to the asphalt. If drainage will need to be added to your parking lot you can expect an added cost for the time, labor, and materials.
- Labor. Labor refers to the time and number of workers it will take to pave your parking lot. The larger your lot and the more work that needs to be done, the higher the cost of paving will be.
Calculating The Cost of Your Asphalt Parking Lot
The only way to know exactly how much it will cost to pave your parking lot is to get an estimate from a paving company. However, you can calculate the average cost by measuring the square footage of your parking lot and multiplying that figure by the highest end of the cost range. This should give you the highest possible total so you can expect your estimate to come in somewhere around or below that amount.
Get a Professional Estimate
Looking for quotes for asphalt parking lot paving? TopWest Asphalt provides a wide range of parking lot paving services, including laying new asphalt and asphalt maintenance. We provide both commercial and residential paving, specializing in parking lots and driveways. If you want a professional looking parking lot to give your business the curb appeal it deserves, TopWest Asphalt provides affordable asphalt paving.
Call 604-755-0300 or contact us today to learn more and schedule a free estimate.
