Quick Answer: How Much Does A Times Square Billboard Cost?

How much is the biggest billboard in Times Square?

Google has become the first company to rent to the world’s largest and most expensive digital billboard in Times Square, New York.

The billboard is eight storeys high and is estimated to cost $2.5m (£1.6m) to hire for four weeks..

Are billboards worth it?

According to this study, billboard advertising was found to be effective on drivers. … 37% report looking at an outdoor ad each or most of the time they pass one. 58% learned about an event or restaurant they were interested in attending by viewing a roadside billboard.

How much rent do billboards pay?

On the average, a billboard generating an annual income of $24,000 will yield about a monthly rent income of $1,500 to $2000.

Are Billboards good advertising?

Billboard advertising is effective for building brand awareness and broadcasting your business (or product or campaign) to as many people as possible. Because they’re in such busy areas, billboards tend to have the highest number of views and impressions when compared to other marketing methods.

How profitable is owning a billboard?

Owning a billboard provides large companies a regular income cash flow. The revenue generated by billboard companies may reach up to 40 to 50 percent before counting the depreciation, taxes, amortization and interest. The rate of income grows higher on highway billboards that may go higher as 60 percent of revenue.

How do you get a billboard on your property?

The short answer is no, you can’t. On almost every piece of property in America, you can’t build a billboard even if you want to. You cannot get a permit to build a new off premise sign (aka billboard) except in very rare cases.

How do I get a billboard sign?

Outdoorbillboard.com is a good place to start if you’re looking to buy a billboard. You can buy a billboard for between $650 and $2.4 million, then rent it out in six week increments. Prices vary by location. BillboardsForSale.org will also help you find billboards that you can afford.

How much does a billboard cost in NYC?

For New York City, digital billboards in Times Square typically will have a smaller duration of about 2 weeks but range from $10,000 to $22,000, and billboards in the popular SoHo District of Manhattan can cost about $18,000 to $30,000 Freeway billboards cost more to rent than state highway billboards, because more …

Who owns the billboards in Times Square?

Clear Channel OutdoorClear Channel Outdoor (NYSE: CCO) is the US market leader in spectacular sign displays and has long dominated Times Square. With close to one million displays in over 50 countries across 5 continents, Clear Channel offers innovative out-of-home media and marketing solutions including: Spectacular Billboards.

How much does it cost to get put on a billboard?

Physical billboard costs average $750 to $1,500 per month in rural areas, $1,500 to $2,000 in small to midsize cities, and $14,000 and up in larger markets. Digital billboards can cost over $15,000, depending on the location.

What are the disadvantages of billboards?

Disadvantages of Billboard AdvertisingHigh costs for brief exposure.Risk from vandalism, weather conditions.Visibility issue.Stationary mode of advertising.Time insensitive.No feedback.No advantage of space.Does not target a specific market.More items…

How long should a billboard be up?

four weeksIn general, billboard advertisements typically stay up for at least four weeks, but most campaigns last several months. For example, a business that is looking to run a branding campaign to establish consumer awareness and brand recognition is likely to leave their billboard advertisements up for six to twelve months.