The types of land that are most frequently ground leased include retail pads in commercial centers, land within high-density urban centers, land along ports and harbors, and other areas where land availability is low and land prices are high and expected to escalate. Are you interested in tackling ground lease appraisal assignments for commercial clients? Read this post for a breakdown of the typical tenants, reasons for use, motivations of the lessor, and potential disadvantages of ground leases.
Plus, check out our upcoming Pro-Series webinar, Commercial Case Study: Theme Park or Developed Site Value, on Wednesday, October 5 at 1:00pm EST. And take our Appraisal of Land Subject to Ground Leases course to gain a thorough understanding of the multiple components of ground leases. This information will give you a helpful edge when it comes to valuing commercial real estate, as well as prepare you to work with a wide variety of clients.