Build-to-suit industrial build out refers to a type of real estate development where a developer constructs a building based on the specific needs and requirements of a tenant. In other words, the developer customizes the design and construction of the building to meet the exact specifications of the tenant. This could also be for a business owner or a group of partners.
The process typically involves several stages. First, the developer and tenant will enter into a lease agreement that outlines the terms of the build-to-suit project, including the size and layout of the building, the construction timeline, and the budget.
Next, the developer will work with the tenant to design the building and obtain any necessary permits and approvals. This may involve hiring architects, engineers, and other professionals to ensure that the building meets all relevant building codes and regulations.