What will happen to values when the Car Rental Companies vacate their current locations and move over to the CONRAC site?
It is the big question being asked and analyzed by LAX Real Estate Owners .
LAX Consolidated Rent-A-Car Center (CONRAC)
The Los Angeles World Airports (LAWA) is currently developing a Consolidated Rent-A-Car Center (CONRAC) as part of their larger ground transportation program. The CONRAC will be located in the northern portion of Manchester Square and will house all rental car companies in one location offering over 30,000 parking spaces.
The CONRAC will include private vehicle parking, connections to shuttles and local public transportation, passenger pick-up and drop-off areas, waiting areas, concessions, and ticketing and information kiosks.
Currently, rental car facilities can be found in various areas surrounding the Los Angeles International Airport (LAX). The CONRAC will bring these facilities together in one location, leaving land available for potential development.