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FAA ATC Tower Lease Rental Rate



These leases often times are at no rent.  Gary Airport (GYY) just renewed for 
twenty more years for tower (older K structure) for $0.  Renting other space to 
the FAA for offices, on the other hand, are typically at market rates.

Sent from my iPhone

On Mar 26, 2012, at 2:46 PM, "rick.duncan@xxxxxxxxxx" <rick.duncan@xxxxxxxxxx> 
wrote:

> Hello Everyone,
> 
> Does your airport currently own an ATC tower and lease it to the FAA?  If so, 
>what are your terms and rental rates per square foot and how long ago was the 
>tower built?
> 
> Obviously, the specialized use of this type of building makes it difficult to 
>find viable comps.  I will be happy to share my findings with the group.  
> 
> Richard Duncan          
> Fresno Yosemite International Properties
> Phone:   559-621-4511                     
> E-mail: Rick.Duncan@xxxxxxxxxx
> 
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