Asphalt, whether it be used for a personal driveway or a commercial parking space, is both more cost-efficient and faster to install than concrete. Asphalt is much cheaper, ranging around $2.70 – $4.50 per square foot while concrete is $4.20 – $6.50, but comes in a variety of designs. The bigger your driveway the more materials will be needed. Uniquely shaped driveways require more work to cover than straightforward parking spaces.