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TRB Webinar: Make it Count--Estimating Market Values for Small Airports

October 29, 2020

2:00 PM - 3:30 PM (EDT)

Past

Topics

Staff from smaller airports may not be experienced or have specialized expertise regarding the negotiation and development of airport property or airport staff may lack the resources to hire consultants. TRB hosted a webinar on Thursday, October 29, 2020 from 2:00 to 3:30 PM Eastern that discussed how to estimate market value for small airports. Estimating market value and establishing and adjusting market rent for airport properties is not based on a direct science or mathematical model. The appropriate methodology for these topics varies based on the type, use, and basis of the subject airport land and/or improvements. Without adequate guidance and understanding of these nuances, negotiations between airport management and tenants or developers can deteriorate. Presenters discussed industry practices for estimating market value, establishing and adjusting market rent, and identifying airport property characteristics that affect market value and market rent.

The webinar features research from ACRP Research Report 213: Estimating Market Value and Establishing Market Rent at Small Airports.

The slides are linked in the meeting materials. View the recorded webinar below.

Webinar agenda and presenters:

  1. Methodologies to estimate airport property market value and to establish and adjust airport property market rent: David Benner, Aviation Management Consulting Group
  2. Nuances associated with airport characteristics that impact airport property market value and market rent: Brandon Borne, Aviation Management Consulting Group
  3. Question and answer session: Moderated by Carlos Ruiz-Coll, Greenville-Spartanburg Airport District

The first 60 minutes of the webinar will be for presentations and the final 30 minutes will be reserved for audience questions.
Learning Objectives

At the end of this webinar, you will able to:

  1. Identify key airport characteristics that affect market value
  2. Discuss practices for establishing and adjusting market rent

Continuing Education Units for Accredited Airport Executives
The American Association of Airport Executives (AAAE) provided 1 Continuing Education Unit (CEU) to accredited airport executives who attend this webinar. Claim CEUs by visiting www.aaae.org/ceu. For questions about AAAE continuing education units, please contact accreditation@aaae.org.

Disclaimer

It is essential to the National Academies mission of providing evidence-based advice that participants in any of our meetings or events avoid political or partisan statements or commentary and maintain a culture of mutual respect. The statements and presentations during our meetings or events are solely those of the individual participants and do not necessarily represent the views of other participants or the National Academy of Sciences, which is a non-partisan, tax exempt organization that includes under its Charter the National Academy of Engineering and National Academy of Medicine, and that operates the National Research Council.

Organizers

Major units and sub-units

Transportation Research Board

Primary

Cooperative Research Programs

Primary

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