In article , "Mike Rapoport"
wrote:

If airports were managed properly, they would charge market rent for
hangars
and other space.

how is market rent set for a product/service whose supply is
restricted?

By supply and demand

It's not free supply and demand when the supply is artificially
restricted. Thus the concept of "market rent" doesn't make sense.
In the true supply and demand scenario, increased demand would
increase supply. That isn't possible (a fact you recognize below).

They would be profitable

why is profitability assured?

Because hangers won't be built unless the rents justify the cost.

that won't assure profitability.

, and more hangars and office space would be built,

I'd love to see you try to survive a meeting where you propose
this to the anti-airport NIMBY goons around KBED.

This certainly restricts supply and leads to higher prices but that is
just a fact of life.

that's a cop-out

--
Bob Noel