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.
Table of Contents
|Chapter 1 - Introduction||3-9|
|Chapter 2 - Understanding Market Value and Rent||10-15|
|Chapter 3 - FAA Policies and Guidance||16-28|
|Chapter 4 - Estimating Market Value and Establishing Market Rent||29-41|
|Chapter 5 - Airport and Property Characteristics||42-54|
|Chapter 6 - Negotiation of Development and Lease Agreements||55-60|
|Appendix A - Glossary of Terms and Acronyms||61-66|
|Appendix B - Bibliography||67-69|
|Appendix C - Comparable and Competitive Airport Resources||70-78|
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