For an air cargo company, airport-based operating expenses consist primarily of (1) rent and (2) throughput costs.
Using the benchmarks above, a cargo company will generate somewhere between $363 million and $544 million of gross revenue annually using a 200,000 square-foot facility.
A base rental rate of $15/sq. ft. on the 200,000 square feet – and even a theoretical doubling of that rate to $30/sq. ft. – hardly even registers.
A company will find itself having to comply with much more rigorous construction requirements than at its current facility, where it enjoys grandfathered status.
Depending on the nature of the sublease (from the developer to the cargo company), this could be an uncertain or cumbersome proposition.
A company that pays $15/sq. ft. in base rent is actually paying approximately $161/sq. ft. in total airside expenses.