One effective way for companies to eliminate the risk of rising construction costs for their office buildout is to consider a spec suite.

In this Rokos Minute, you’ll learn about spec suites and why this move-in ready solution is being embraced by more and more landlords and tenants alike.

A spec suite is a space within an office building where the landlord has already built out and furnished the space. This can be ideal for businesses that don’t want to wait out the months long construction timeline or manage a construction buildout process.

Benefits of spec suites include not having to pay out of pocket to build out your space; however, this means rental rates are typically slightly higher. These spaces are also generally available for shorter lease terms.

Some downsides include having little to no control over the design of the space and understanding that some office space elements may not be included in the landlord’s build out.

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And if you have any further questions about spec suites, please reach out to Rokos broker today.