Terminal Building Rental Rates Sarasota Manatee Airport Authority Fiscal Years Ending September 30
Schedule 8.1Budget 2026Proposed 2027
Terminal Building Rate Calculation
Operating Expenses$ 25,024,586$ 26,459,949
Operating Reserve495,468433,059
Total Terminal Building Requirement$ 25,520,054$ 26,893,008
Less:
50% of Terminal Building Non-Airline Revenues(2,859,424)(3,358,544)
Net Terminal Building Requirement$ 22,660,630$ 23,534,464
Total Rentable Space267,613259,423
Average Terminal Building Rental Rate$ 84.68$ 90.72
Signatory Rented Space183,614182,402
Total Signatory Rental Revenues$ 15,547,858$ 16,547,235
Weighted Space Calculation
Signatory Rented Space
Ticket Counter / Ticket Office / Queuing14,77715,692
Holdrooms41,34040,768
Concourse Circulation59,45757,426
Baggage Claim20,38620,386
Bag Svc Offices1,5261,526
Operations8,9429,418
Baggage Make-up37,18637,186
Total Signatory Rented Space183,614182,402