We are currently leasing public spaces for $35/mo. The theory behind this price, is that at 30 years of leasing, we would be able to replace the spaces being leased with spaces in a parking structure (garage), since a typical space is $12-15k in a garage (depending on the size). Is this a good number? I feel it is wayy too low, but our pricing is set up so that it encourages developers who can't provide enough spaces of their own for their development to be attractive. In particular, we have a 165 space lot (which typically runs about 60% full on any given day) in which we are intending on leasing out 49 spaces at the above rate. 40 are going to a developer who is going to renovate an old hotel into condo units. The remaining 9 are to be leased to another developer who is renovating a delapidated building into condo units also. Is this a good policy, or should the prices be set so that we can recover the costs sooner? We intend on building a garage A LOT sooner than in 30 years. What are your feelings/experiences on such a deal?? It is worth noting that in thier agreements it is stated that these leases are explicitly for development of these properties, and therefore CANNOT be leased by existing businesses.