Economic Benefits

Concrete parking lots are "An Investment that Pays in the Short Term."

This is a common statement used in the past when concrete parking lots were commonly higher in up-front cost that asphalt parking lots.  However, today, concrete parking lots are often the same cost or less expensive than asphalt parking lots!

In addition to competitive up-front cost, take a look at these additional economic benefits:

  • Normal maintenance costs of asphalt parking lots - sealing, re-surfacing, re-striping and loss of business during these maintenance operations - greatly exceed those needed for concrete.
  • Concrete increases curb appeal for customers and tenants, boosting rental values and revenue.
  • Concrete parking areas may include integral curb and gutter, saving construction time and reducing subcontract labor.
  • Concrete parking lots stay cooler, reducing energy costs.  Another benefit to promote to potential tenants.
  • Concrete's brighter reflectivity can lower infrastructure and ongoing lighting costs, while boosting safety for vehicles and pedestrians.  Comparative research by the Portland Cement Association demonstrated that concrete parking areas require fewer lighting elements than other surfaces and can yield energy savings up to 60%!