Dictionary

White box commercial property

Whitebox

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.

Related terms

Menu