Should You Be Looking at “2nd Generation Space” or “Raw / Build to Suit” Space?
A 2nd generation space is one that has already been occupied by a previous tenant. Everything is in place, offices, lighting, bathrooms, maybe it just needs fresh carpet and paint? Many clients are content with finding a space that is close to their needs, but for some a build to suit is the better option.
Things to consider when considering build to suit space...
The Time…. Do you have the time to wait for a build to suit or do you need in right away? A build to suit can easily take 4-6 months to occupy.
The Cost…A build to suit property will almost always cost more than a 2nd generation property.
The Term…Typically a landlord will ask for a longer-term lease (minimum 5 years) in the case of a build to suite property.
Your needs may be such that the 2nd generation space isn’t on the market when you need it, and it’s important to know what your priorities are when it comes to finding space.
Below are some raw and 2nd generation options to consider!
3725 Medina Road
3575 Medina Road
2498 Medina Road
River Styx Rd (vacant land)
1348 Sharon Center