Press Release: RCLCO Real Estate Consulting Launches New Sports Venue-Anchored Development Tracker

Increasingly, sports venues are a unique value driver for both commercial and residential real estate development, and a growing anchor for mixed-use development throughout the country

LOS ANGELES, CA., April 1, 2024 —

RCLCO Real Estate Consulting today announced the launch of a new proprietary Venue-Anchored Development Tracker of every major league stadium in the United States and Canada. The tracker will allow users to track existing, under construction and planned venue-anchored development of a sector which is increasingly a driver for mixed-use development throughout the country.

“We are seeing a burst in development interest around sports venues and stadiums, as teams and owners seek to diversify and control future revenue streams, as well as enhance the fan experience and deliver local community benefits,” said Erin Talkington, Managing Director of RCLCO. “There is no one formula for a successful development. While the most well-known projects are held up as places to replicate, the unique local-market responsive elements of place like Titletown are what will differentiate future venue-anchored developments.”

RCLCO defines a venue-anchored development as one where the venue serves as the focal point around which real estate is organized. RCLCO’S Venue Anchored Development Tracker includes detailed information regarding every stadium’s ownership, announced future plans, and the surrounding associated real estate development. Some of the key takeaways include:

• RCLCO counts 43 venue-anchored real estate development projects (MLB, NFL, NBA, NHL, MLS) on the ground today, 7 under construction, and 34 planned/publicly under consideration.

• Major League Baseball leads major sports leagues in total real estate developments, with 16 ballparks (53% of venues) having a related development.

• Notably, teams/ownership groups have only been involved in 43% of existing projects but are involved in 68% of planned projects.

• We expect the development pipeline to continue to grow, as one impetus for planning a new real estate project is venue reinvestment or replacement. Over forty venue leases across the five leagues expire in the 2030s, suggesting the focus on real estate opportunities will continue.

“It is tremendous to see the high-quality analysis and information RCLCO is publishing with the first-of-its-kind Sports Venue-Anchored Development Tracker as a way to further cement our place as industry leaders at the intersection of sports and real estate,” said RCLCO Managing Director Joshua Boren. “As rising franchise values and new ownership continue to increase, and teams look for additional ways to expand their brand and increase revenues, real estate will continue becoming an even more critical component of these transactions and the industry’s future. RCLCO has been fortunate to be at the forefront of this movement, as the industry continues to evolve and become more sophisticated.”

While the initial tracker is focused on professional league venues, RCLCO will be expanding the tracker to include numerous other leagues and venues throughout the year and on an ongoing basis.

About RCLCO

Since 1967, RCLCO has been the “first call” for real estate developers, investors, the public sector, and non-real estate companies and organizations seeking strategic and tactical advice regarding property investment, planning, and development. RCLCO leverages quantitative analytics and a strategic planning framework to provide end-to-end business planning and implementation solutions at an entity, portfolio, or project level. With the insights and experience gained almost six decades and thousands of projects, RCLCO brings success to all product types across the United States and around the world.  RCLCO is organized into three overlapping and reinforcing service areas: real estate economics, management consulting, and advisory services for institutional investors through RCLCO Fund Advisors. RCLCO is headquartered in Bethesda, MD and has offices in Austin, TX, Denver, CO, Los Angeles, CA, New York, NY and Orlando, FL.

Media Contact

Rachel Hoeft
Marketing & Graphic Design Manager
E: rhoeft@rclco.com