I voted in the 1 - 3 yr. wait but it's close to no wait or short wait.
Our EAA Chapter 471 (Abilene, TX) has a long-term lease with the city for 20 T-hangars plus an 80'x100' community hangar that'll fit four to six planes depending on size. We currently pay $795/year for either a T-hangar or community hangar space. I've been told that we're lucky to have such a good deal. But we do work at it by highlighting the things we do in the community ie: Young Eagles, fly-ins, chapter-sponsored events, etc. The main thing we have going for us is a fairly active aviation community helped by the proximity of Dyess AFB and cooperative airport management.
On the down-side, we do get some that just want to be in the "Cheap Hangar Society". You can probably figure who those are.

hangar do diligence
 

We have a hangar out at Meadowlake near Colorado Springs. And the politics are such that the county / building department hate the airport. New people move in and complain and it is crowded and pretty much a free for all, which is what I really like. But around the county the politics are difficult, sometimes the rule that stops things is fire rating your building. Sprinklers usually kill the deal. A 1 hour rating with block or drywall is doable, but keep in mind that it is an officials call to make the rule not necessarily "written in the code". Sometimes it is negotiable by less square footage like independently fire rating the front corners of a box hangar for example. That would make the "aircraft storage sq ft smaller".

A lot of airports have a waiting list and if you can find one where the cost works to build / rents it could be golden.

But all this to say the do diligence is even more important. My recommendation is to get confirmation from zoning first, if that is a go then get fire approval. If that is a go then make sure you are within the FAA rules of slope from center line to your buildings height. If you are good with all that most any other hurdle will be smaller.

Hope that helps. When you are ready to figure a cost you can design a box hangar online and get a real price and print out plans on https://www.rapidsetbuildings.com
Or give the office a call and hopefully we can help you through the next hurdle. We need patients to sell hangars!

Thanks, Larry

I think it boils down to management of the airport. Government or otherwise.
For years at the local airport people literally died on the hangar wait list. They kept a copy of the list posted on the board in the terminal and the person at number one had been on the list for 15 years kind of thing and if your scrolled through it you could find names of people who had died. Old manager retires and a new office staff comes in and magically the list starts to move. We are on a second new administration now and they are energized and excited to promote the airport.

same story at our port
 

same story, I'd say 25% even know if the door still works. Proud to say the most flown planes are the Experimentals Tailwind, Sonex and RV (except for the FBO trainer planes)

At KHIO about 25% of the hangers are used for 100% storage. Some others will have an old non-airworthy carcass in them to meet the letter of law. Only 1 or 2 hangers a year come up for sale or rent. The actual sales price of T-Hanger is typically less the 30K, but people ask much much more. Rents are all over the place 350 to 600 a month being typical.

Cost of building against the return
 

Unless you want to have a hangar for yourself and are willing to subsidize the cost, it boils down to the cost to build the hangar and its relationship to the return you can get for your investment.

As a developer, I have to look at cash needed and see what return I will get for that cash. For hangars, except in limited locations you will need a larger % of cash to loan. There are better places to put cash and have non-recourse loans that will make you money.

But, I own a hangar. It is at a small airport that the community realizes the airport is a good asset. KEUL. It is not an investment, but a cost I am willing to pay to build and keep my plane inside.

I have looked in Michigan where I live now and there are hangars available - even at the main airport in Lansing for reasonable ($150 mo) rent.

Same here a little further north in Michigan. $150/month for a T hangar. Last time I checked KMBS had spots in huge heated hangars and the airport will tow your plane out and put it away--I think it was $200/month for a spot.

Bought my 1400 sq ft T hangar (end unit) with heat and bi-fold door for $11K at 3CM. I think that the ones with slider doors go for about $8K when open.

A person built a 2-3 plane hangar at KIKW (Midland) about 8 yrs ago for $80-90K. It had heated floors and a couple of rooms in the back--I think a kitchen and workshop.

I would not be flying seeing some of the prices in this thread.

A T hangar in town here goes from 175-250k plus taxes, utilities and upkeep to the city since it sits on a lease. 1 or 2 go for sale a year. Renting doesn't happen.
The other airport in town has business hangars only as you'll be upside down before you break ground for a hangar due to red tape.

I drive an hour for mine and got lucky to find one for rent at all.

There's a good bunch of private airports with hangar homes on them, but they start at 600k. In town they'll 1mil +.

My home field, Foley Alabama, has 40 hanger spaces. Sixteen of them are new in the last year. I received a text from a friend with a plane that moved to this area a couple months ago. He told me the city informed him he's number 35 on the list!

If there were a truly fast way to cover your plane on the ramp, it would probably sell really well. Those covers just take so long to put on and take off.