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Hello everyone! Richard Mackay here from Pocket Broker giving you at the edge in commercial real estate. On this channel we discuss the world of real estate. Today we are talking about the term build out. Perhaps youve heard an agent or landlord talk about the phrase. Perhaps in discussion about a space you are looking at leasing. So in this video, we will define build out, review when youll hear it used and finally reveal where you, as a tenant, can benefit from it. Lets dive in! The term build out refers to the interior layout or floor plan of a space. Generally it indicates the office space component. For example, an industrial building might have an office build out that accounts for 15% of the total square footage where the rest is just warehouse. This differs from the 100 percent a pure office space would have. You will hear landlords, commercial agents and contractors talk about build out. If a space is in shell condition, meaning there is nothing in it, then a new build-out
