The development rights above your buildings and land are a valuable real estate asset you already own. SkyTrade helps cities identify, value, and monetize unused air rights through outright sales, transfers of development rights, and long-term development leases.
Cities sit on enormous unused development potential: the space above rail yards, parking structures, transit hubs, roads, and municipal buildings. In real estate terms, that is air rights, and it has real, transferable value. SkyTrade helps you catalog it, value it, and convert it into capital without selling the land underneath.
Catalog the unused floor area and development rights across your public parcels and value them against current market demand, so you know what your air rights are worth.
Move unused development potential to the parcels where the market wants density. A transfer of development rights turns idle capacity into a taller project somewhere it pays.
Sell air rights outright for a one-time gain, or lease the space above public infrastructure for development under long-term agreements that pay the city year after year.
Air rights are not an abstract real estate idea. They are the invisible asset behind some of the world's most valuable buildings, where owners and cities turn the unused space above the ground into hundreds of millions of dollars. These are the kinds of deals SkyTrade helps cities structure.
Citadel's planned 350 Park Avenue tower shows exactly how powerful air rights can be, with up to $164 million tied to the unused development potential above St. Patrick's Cathedral.
Read on The Real DealJPMorgan's 270 Park Avenue deal shows the full power of development rights, turning unused air above Midtown landmarks into the height, scale, and value behind a new global headquarters.
Read in The New York TimesExtell's air rights deal with the Metropolitan Club shows how invisible development rights can reshape the skyline, turning unused air into a taller tower, more density, and nearly $40 million in unlocked value.
Read on PatchCrown's $700 million Melbourne deal shows how air rights can protect views, unlock towers, and convert the invisible space above a car park into a major development asset.
Read the coverageCities hold development rights on this same scale above their rail yards, garages, and transit hubs. Most of it sits unmeasured and unmonetized.
Map the development capacity above your public parcels: how much floor area each site is zoned for, and how much of it is still unbuilt and available to monetize.
Price the air rights against comparable deals and current demand, so the city negotiates from a defensible number instead of leaving value on the table.
Sell the air rights outright, transfer the development rights to a parcel that wants density, or sign a long-term lease for development above the site. The land stays public.
Put the capital toward city priorities, and use the air rights you keep to protect views, light, and the shape of future development around your landmarks.
Air rights monetization is one of the ways SkyTrade helps cities turn what they already own into value. See the full platform on the products overview.
Schedule a walkthrough with the SkyTrade team and see an air rights monetization model built for a real jurisdiction.
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