Air rights
The legal right to use and develop the airspace above a piece of land.
Air rights refer to the right to use or develop the space above a property, impacting planning and design opportunities. They are crucial for optimizing land use, supporting urban density, and enhancing value. By leveraging air rights, developers can create additional floor area, improve site utilization, and contribute to successful project delivery by ensuring that developments are well-planned, aligned with zoning regulations, and capable of maximizing economic potential while meeting client objectives and community needs.
Used in a sentence
The developer purchased air rights to construct a high-rise above the existing building.
Synonyms/variation
Airspace Rights
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