11/05/2026
Seeing "IDA PILOT" on a new building? In a NNN lease, that acronym can save your business $$$.
A PILOT (Payment In Lieu of Taxes) is a temporary property tax discount granted to encourage new construction. In a NNN lease, those tax savings pass directly to you as lower monthly overhead.
The part most tenants miss: it steps up every year.
Most PILOT schedules phase out over 7 to 10 years. If you don't factor that annual step-up into your pro forma, your occupancy costs will climb unexpectedly each January.
Always check what year of the schedule the property is in before signing.
Comparing lease options across Saratoga County? Reach out to Dean and Ryan at Continuum Commercial Realty to review the fine print before you commit.