Money out of thin air: Appraising air rights | Real Estate Valuation …

See on Scoop.itLots and Land

William Wilgus, the first person to figure out that property owners could sell the right to develop the space above their lots, coined the phrase “taking wealth from the air.” Empty space …

 

Troy Corman‘s insight:

The higher the number of floors, the higher the price of the land.

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