Know The Cell Tower Ground Lease Rates
As demand for data increases, telecommunication companies have to install more and more cell towers. These towers are generally installed on private lands after leasing the land from the owner. It presents a lucrative opportunity for the property owners. You can establish a regular income just by leasing your land to such a company. You get a regular and reliable tenant that pays on time. The demand for cell tower ground lease continues to increase not only in urban areas but also in the rural areas so whether you have your land in an urban or rural area, you can expect a good deal.
How do cell companies determine the lease rate? It depends on several factors. Densely populated areas command higher lease rates while the rural and remote areas have lower rates. In urban areas, the property can also include a large building while in other areas, the ground area is preferred. The amount varies wildly based on these factors. It can range from $10-$10,000 per month depending on the location.