Steel in the Air has been serving public and private property owners, local governments and public entities with negotiations against cell tower companies and wireless carriers since 2004. We’ve created this website to be a valuable public resource. In the event that you still have questions or want to achieve a specific resolution, please contact us.
Crown Castle is one of the nation’s largest cell tower companies.Recently they have been actively attempting to extend their cell tower leases by offering property owners a nominal increase in rent, in exchange for the lease extension.
WHY DOES CROWN CASTLE WANT TO EXTEND ITS CELL TOWER LEASES?
Because they want something else for free. Crown Castle has been offering to extend the lease along with asking for an expansion of the current lease area. By asking for an expansion along with the offer to extend or buyout the lease, Crown hopes the landowner will not question whether the expansion has value in and of itself – in which case their rent costs would rise.
Many of our clients assume that they can simply check what other landowners are getting in the area and use that for fair market value. Unfortunately, this rarely equates to what the tower lease is actually worth to Crown. Please take a look at our Increase in Lease chart to see what the difference of receiving just $100 in increased lease payments means over 25 years. Please contact us for a free quote on the cost of our services.
We can also provide comparable data on what other landowners have successfully renegotiated their leases for. This isn’t the same comparable data that Crown’s agents will attempt to utilize. Their agents will draw upon a list of what other Crown owners are getting within a 5, 10, or 20 mile radius; whichever distance yields the most favorable (meaning lower) average rent. The Crown agent will attempt to suggest that your offer is at market value or that you are already getting a better rate than the market average. Be aware that Crown only shares this data when it is favorable to them. If the rates nearby are significantly higher, you won’t ever know. Our comparable data is based upon what Crown has agreed to pay our clients when pushed in negotiations. In this comparable data, we track how many users are on the tower, how long there was to expiration, how much the original rent was, and how much the renegotiated rent was. It is our strong belief that our comparable data is a much better indicator of value because it is relative to market conditions for expiring leases- not new leases.
We can analyze the risk there would be that Crown chooses to rebuild the tower elsewhere because you don’t agree to their offer. Most importantly, we can tell you which negotiation strategies work and which don’t. If your cell tower lease is set to expire or you have been contacted by a Crown representative to extend your lease, call us to discuss how we can help you increase your Crown Castle lease. We can make sure you get the best lease rate possible. One that you are comfortable living with for the next 25 years.
If your lease is set to expire, please see our page on Negotiating Expiring Leases that includes a detailed explanation of our process on how we evaluate leases that are near their expiration.
Disclaimer, Steel in the Air, Inc. is not affiliated in any way, shape or form with Crown Castle. If you are interested in visiting their website, please go to www.CrownCastle.com. Crown Castle and Crown Atlantic are registered trademarks owned by Crown Castle international.