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Partially built-out space. A partially finished space that is typically not ready to be occupied because some portion may have been demolished after a tenant's departure or was never built-out from the shell.

Built-to-suit is a way of leasing commercial property whereas the developer/owner has constructed a building to the specifications of a particular tenant or type of tenant.

Now that you care, what is a build-to-suit? A Build to Suit (BTS) is where a commercial property tenant enters into an agreement with a developer or landowner to construct a new, custom-built facility for lease. Once completed, the tenant typically becomes the sole occupant.

The term 'speculative construction' (or speculative development) describes a process in which unused land is purchased or a building project is undertaken with no formal commitment from any end users.

Build -Out: This happens when the space is already finished and may have been previously occupied by another tenant. The landlord may agree to remodel the unit ing to the needs of the tenant. This might include general improvements to the space or a complete remodel.

Probably the biggest advantage of build to suit development is, as we've mentioned and as the name implies, the property is designed and built to suit the specifications of the tenant. Therefore, the tenant has significant input into the design and construction. Ultimately, this approach helps to: Maximize space.

Percentage Increase. In this structure, your rent escalates by a set percentage. So, if you have a $30 per square foot lease with 3 percent annual increase, it would go up to $30.90 in the next year, then $31.83 the year after that. These increases compound, which can add up over time.

Here is an example of a real estate escalation clause. Buyer offers to pay $____ for the home, but if the seller receives a bona fide offer that is higher, buyer will increase the price to $____ above the amount of the other offer. This is a very strong option for writing winning offers!

Partially built-out space. A partially finished space that is typically not ready to be occupied because some portion may have been demolished after a tenant's departure or was never built-out from the shell.

Built-to-suit is a way of leasing commercial property whereas the developer/owner has constructed a building to the specifications of a particular tenant or type of tenant.

Now that you care, what is a build-to-suit? A Build to Suit (BTS) is where a commercial property tenant enters into an agreement with a developer or landowner to construct a new, custom-built facility for lease. Once completed, the tenant typically becomes the sole occupant.

The term 'speculative construction' (or speculative development) describes a process in which unused land is purchased or a building project is undertaken with no formal commitment from any end users.

Build -Out: This happens when the space is already finished and may have been previously occupied by another tenant. The landlord may agree to remodel the unit ing to the needs of the tenant. This might include general improvements to the space or a complete remodel.

Probably the biggest advantage of build to suit development is, as we've mentioned and as the name implies, the property is designed and built to suit the specifications of the tenant. Therefore, the tenant has significant input into the design and construction. Ultimately, this approach helps to: Maximize space.

Percentage Increase. In this structure, your rent escalates by a set percentage. So, if you have a $30 per square foot lease with 3 percent annual increase, it would go up to $30.90 in the next year, then $31.83 the year after that. These increases compound, which can add up over time.

Here is an example of a real estate escalation clause. Buyer offers to pay $____ for the home, but if the seller receives a bona fide offer that is higher, buyer will increase the price to $____ above the amount of the other offer. This is a very strong option for writing winning offers!