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                         Leveraging airport areas
                         & airport growth industries
 

‘Airport Cities’ are a relatively new concept involving large scale commercial development around major transportation hubs – the title usually accredited when the land to be developed belongs to the airport authority in question.

 

One of the earliest examples was at Dallas/FortWorth airport where an international commerce park that began construction in 2001 is now fully leased out.

 

More recently (photo) plans for East Dublin Airport City,  a 350 acre, 6.5 million sq. ft. office center with more than 430,000 sq. ft. of retail, hotel and conference facilities

The idea has also been championed by Hong Kong airport who built ‘Skycity’ on a blank slate of reclaimed land at Chek Lap Kok Island. Skycity features a 70,000 sqm exhibition centre, a Marriott hotel and golf course and development is underway on Skyplaza, a vast entertainment, retail and commercial space which will include the Hong Kong Airport World Trade Centre.
 
The common denominator between these developments and recent plans for East Dublin Airport City,  a 350 acre, 6.5 million sq. ft. office center with more than 430,000 sq. ft. of retail, hotel and conference facilities; is that all the airport authorities had control of large land reserves which could be used for development.
 
However, unlike most Airport Cities, the Airport Authority produced a masterplan for the scheme and has not simply sold off the land to be used in a developer-led project. Airport-led development can be used onna much smaller scale, a good example of which is Centennial Airport in south Denver. Several high tech production industries are drawn to locations with the right environment.
Fast Growing US Airport Areas and Key Growth Industries
Client: DIA Airport Area Taskforce
 

 

Innovation Economics was retained to identify high priority growth industries in the fastest growing airport regions (5 mile radius). Starting with thirty leading airport areas, primarily in the US, the study narrowed down to analyze performance in 15 leading airport areas and produced in-depth profiles for the seven fastest growing peer airport areas to Denver International Airport .
 
The findings provided valuable insights into key growth industries driving the development of the seven fastest growing regional airport areas and several typologies of industry mix in these airport areas.