What is included in new retail shell space by builder?
Hi, can you help me understand with what is included in the new retail shell space by builder/developer? Basic items included I. Shell space ?
[{"id": "iek9xbx", "text": "You need more information to know for sure.  But you should assume that the walls, floor and ceiling are completely unfinished. Utilities may, or may not be present and hvac likely not in place.", "replies": [], "depth": 1}, {"id": "iekgl5g", "text": "I agree with whythrowaway, we need to know more details.....are you contracting the builder, or leasing new space?  It should all be spelled out in whatever contract you negotiate with the builder (if you're the owner contracting the build) or the owner, if you're leasing the space.", "replies": [], "depth": 1}, {"id": "iekgmov", "text": "Ask the landlord for delivery specs.  It varies.", "replies": [], "depth": 1}, {"id": "iekk6a5", "text": "Ask for the work letter that will be in the lease. It will describe what is in the space.", "replies": [], "depth": 1}, {"id": "ieknuo3", "text": "I agree with most responses here, the definition of \u201cshell\u201d (or any delivery condition) can vary wildly and the only safe bet is to get the details from the landlord.   Shell condition is particularly different between a first generation space (brand new consteuction) or a 2+ generation space (likely a full gut rehab of an older building. That being said, my definition of a shell on a first gen space is landlord has completed base building work which effectively means we have finished the exterior (minus the storefront).   Nothing is complex in the interior.   Utilities are stubbed to the space, no walls, no slab floor (this varies), no lighting or HVAC (this is a typical \u201cCold Dark Shell\u201d).  If the HVAC will be on a central plant we typically provide the HVAC connection without further ducting (\u201cWarm Shell\u201d).\n\nWhen we budget a space for shell delivery we typically assume a higher  TI package for the tenant to bring the space to at least a \u201cWhite Box\u201d condition (that\u2019s typical all work before tenant adds their finishes), so make sure your negotiating enough TI to get the space into the condition you need.", "replies": [], "depth": 1}, {"id": "iekqy1v", "text": "I work for a development company turned property management (120 retail/office tenants) so I don\u2019t have direct xp as I joined in the post development years however\u2026 we used to deliver empty boxes. No ceiling, floor, lighting\u2026 etc. Just utility hook ups. After 2008 it became much harder to rent spaces and we started negotiating with our tenants for full or partial buildouts in our remaining vacancies. Nowadays the market is stronger however nowhere near the \u201cbuild it and they will come\u201d level like before. It\u2019s likely they will work with you. In commercial more so than residential our tenants are viewed as our partners and we want to invest in their success.", "replies": [], "depth": 1}, {"id": "iekv22d", "text": "Agreed to ask the developers.  However i would imagine pretty close to nothing, cutting the floor to install power outlets empty.", "replies": [], "depth": 1}, {"id": "iel19bz", "text": "4 walls, and anything the tenant can negotiate.", "replies": [{"id": "ielyntn", "text": "Based on the down votes on my and the above 2 other posts explaining reality, someone is either incredibly unhappy they don't get anything they don't negotiate for or...they don't know shit about leasing.\n\nEdited to add: LOL...it's the OP.  Go read his post history.  Everything will make complete sense.", "replies": [{"id": "iemxbuk", "text": "Looks like OP scrubbed his post history or I don't know what to look for.", "replies": [{"id": "ienatg8", "text": "What remains shows clearly, he's not up to the level of discussion generally held here.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ielni42", "text": "Varies considerably from the market (both national and locally by sub market), condition/quality of the building, and the asset class. \n\nUsually they agree to a certain \u201cclaw back\u201d if you leave the lease early so make sure you intent to stay the full term or negotiate an out.", "replies": [], "depth": 1}, {"id": "iendbun", "text": "Depends on the rents. Some deliver what is called a cold dark shell. Some a dark warm shell, some a vanilla box. Each one designed for different rents snd end users.", "replies": [], "depth": 1}]