Estimating Market Value and Establishing Market Rent at Small Airports
Staff from smaller airports typically lack specialized expertise in the negotiation and
development of airport property or the resources to hire consultants.
The TRB Airport Cooperative Research Program's
ACRP Research Report 213: Estimating Market Value and Establishing Market Rent at Small Airports
provides airport management, policymakers, and staff a resource for developing
and leasing airport land and improvements, methodologies for determining market value
and appropriate rents, and best practices for negotiating and re-evaluating current lease
agreements.
There are many factors that can go into the analysis, and this report reviews
best practices in property development.
This Summary Last Modified On: 11/22/2021