One of the mysteries of the English language finally explained.
The right to build or develop in the airspace above a property.‘they bought and sold the house next door but retained the air rights above it’
- ‘Few lots in the theater district can accommodate big buildings without a transfer of air rights.’
- ‘That was the most valuable part of the real estate, after all, not the footprint but the air rights.’
- ‘Sell your air rights so people can build great big condos on top of your subway stops.’
- ‘Dance Theater Workshop has sold the air rights over its head to private developers for $3.2 million.’
- ‘Two developers have agreed to pay $430 a square foot for the air rights over a church in a private club on Manhattan's exclusive Park Avenue.’
- ‘Normally, air rights can be transferred only to contiguous building sites.’
- ‘The buyers were required to pay an extra $10 per square foot on top of the regular purchase price for the air rights.’
- ‘City officials have been eager to counter any suggestion that the winning consortium won the so-called "air rights."’
- ‘Air rights are important if you own a condominium or co-op.’
- ‘The air rights for these parcels are the jurisdiction of the Massachusetts Turnpike Authority, which is the agency overseeing the Big Dig.’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.