Whitebox commercial property

A whitebox is a lettable space with a minimally finished interior.

Usually it contains ceilings, lighting, plumbing, heating and cooling (HVAC), interior walls (painted or unpainted), electrical outlets, elevators, rest rooms, and a concrete floor.

A whitebox is considered ready to lease and can be thought of as a “blank canvas”.

The tenant installation will provide carpets, tiling, cabling, wallpaper, fixtures etc.

In many cases, the landlord (the lessor) will offer financial incentives in the form of a tenant installation allowance (TIA). This pays for or can be used to offset the cost of any improvements necessary for the tenant (the lessee) to occupy the building itself.

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