Cell Tower Lease Rates in 2024: What’ your site really worth?
Cell Tower Landlords and Property Owners — Wondering what’s cooking in the wireless world this year? As Tower Genius kicks off its 17th year of helping people with their cell tower lease, first on our agenda, we will discuss cell tower lease rates in 2024. But before we share our secret sauce, we want you to know that Tower Genius can be your trusted guide in the treacherous wireless wilderness. We are here to help you navigate the murky cell tower shark infested waters, where “BIG WIRELESS” — companies like Verizon Wireless, T-Mobile, AT&T, US Cellular, DISH, American Tower, Crown Castle, SBA Communications, and others want you to become their next cell tower negotiation snack.
The 2024 Cell Tower Lease Rental Rollercoaster…
By all accounts, with 2024 being an election year, it’s no secret that the wireless industry is typically nervous about which direction the pendulum may swing and how that can impact the industry. 2023 saw a plethora of wireless industry layoffs and the wireless infrastructure stocks have taken a beating. It’s sure is a wild ride and you can be sure that the site acquisition companies and cell tower management companies will be crying poverty and not wanting to pay fair market cell tower rents.
Understanding Factors Impacting What Your Cell Site is Worth in 2024.
Now, let’s get down to the brass tacks of 2024’s cell tower lease rent rates. Your property location is worth more if the wireless companies have limited choices of where they can build or relocate the cell site. High demand for cell tower locations coupled with low supply of available viable locations equals higher cell tower lease rates in 2024. Factors influencing cell tower lease rental values in 2024 are zoning ordinances, setbacks, elevation, topography, property type (residential, commercial, industrial, agricultural, etc.) and the type of cell tower lease being proposed.
Is the lease agreement being proposed a direct rooftop cellular lease or cell tower ground lease with Verizon, T-Mobile, DISH or AT&T? Or are you wondering what a 1-carrier or 2-tenant lease on a current cell tower renewal proposal would-be valued at with SBA Communications, Vertical Bridge, American Tower or Crown Castle? Or is a smaller or mid-sized cell tower company like Hemphill, ATLAS, Horvath, Vertex, Diamond, Everest, Harmoni, Phoenix (PTI) or Tillman Infrastructure making a cell tower lease offer and your are wondering how to respond?
Verizon, T-Mobile, and AT&T: The Three Amigos of the US Wireless Landscape:
These three top US carriers – Verizon Wireless, T-Mobile, and AT&T – all need to keep growing and improving their networks, which are now mature businesses. They’re in constant competition, trying to outdo each other in coverage, speed, and, of course, they are trying to save money (at your rooftop or property). A handful of major tower management companies such as American Tower Corporation, Crown Castle International, SBA Communications and other are also calling you about cell tower proposals related to the 3 big carriers above. The result? An ever-changing bombardment of cell tower lease related offers and proposals are sent to cell tower landlords who receive calls and letters from real estate site acquisition companies for new cell towers, rent reduction lease optimization letters from companies like Blackdot and Md7, cell site lease upgrade proposals from various large wireless telecom subcontractors contractors, lease renewal offers from the three big towerco’s, and of course the never-ending barrage of cell tower lease buyout offers and cell tower lease easement purchase solicitation from the Lease Buyout companies can leave a property owner asking, what is our cell tower lease lease really worth, and are we getting a fair cell tower lease rental rate in 2024?
US Cellular: The Underdog with a Surprising Swagger:
While not as flashy as the Three Amigos, US Cellular is the the dark horse in the wireless race. They may not be in the limelight as much, but when it comes to negotiating cell tower lease rates, they can be very difficult and leave property owners frustrated.
DISH Network: The New Kid on the Block:
While barely a bona-fide wireless carrier, we need to talk about DISH Network. With their entry into the wireless game, they’re like the awkward teenager trying to find their footing at the high school dance. But don’t be fooled by their newbie status – DISH is making waves and, more importantly, make sure you are not leaving money on the table when negotiating your DISH cell tower rents. We can help you in 2024.
The Cell Tower Disonours: American Tower, Crown Castle, and SBA Communications:
Don’t let them scare you. American Tower, Crown Castle, and SBA Communications leases can be very lucrative especially when they are being renewed.
Tower Genius to the Rescue:
Now, let’s talk about your knight in shining armor – Tower Genius. We’re here to help property owners and cell site landlords, navigate the complex world of cell tower lease rates, and make sure you don’t get taken advantage of when negotiating your cell tower lease agreements, amendments or lease buyouts in 2024. Whether you’re dealing with the companies from Southern California who are trying to lower your Verizon, T-Mobile, or AT&T cell tower rent, or you need to find out what the rooftop cell site upgrade is worth which they are proposing, Tower Genius has your back.
Our team at Tower Genius specializes in helping property owners and their attorneys negotiate fair and lucrative deals with wireless carriers and cell tower management companies. We understand the intricacies of the industry, and we’re not afraid to dangle them off of a rooftop (figuratively speaking) when needed. After all, when dealing with big wireless you need a consulting firm who knows their playbook.
Conclusion:
Cell tower lease rates in 2024 are determined on a site by site basis. Your property location might be with $500 per month or it can be worth $3,000 per month, or more. While the “average” cell tower lease rental rate in 2024 on a new cell site or cell tower may be close to $1,000 per month, there wireless industry doesn’t what property owners talking to industry experts like Tower Genius, who educate landlords about the true values that the carriers or tower companies will pay to have a cellular site at your particular location. With Tower Genius by your side, you can confidently take the lead in cell tower lease negotiations, ensuring that your you are structuring the lease properly and maximizing the potential value.
So, whether you’re facing off with Verizon Wireless, T-Mobile, AT&T, US Cellular, DISH, American Tower, Crown Castle, SBA Communications, or any others such as US Cellular, DISH or smaller tower companies, remember – Tower Genius is your secret weapon in the battle of negotiating the best cell tower lease rates in 2024 and beyond. Give us a call at 1-888-313-9750 or send us a contact form on this site.