Speculative office fit outs have become a popular option for landlords in the world of commercial property.
But what exactly is a speculative (spec) office fit out?
A spec fit out is a new office fit out built by the landlord, designed to accommodate a broad range of new tenants.
It’s constructed before any commitment from a tenant, with the aim of giving themselves an edge over the other competition in the property market.
Why Complete a Fit Out Without a Tenant?
To put it simply, a spec fit out is a way for landlords to get an edge over competition, in a very competitive industry.
If they can show potential tenants a functional, modern space that requires no further work, it makes the property a much more attractive prospect.
For instance, the new tenant will save time and money by not having to organise their own fit out. It also means there’ll be no pause in business while this happens.
Overall, a spec fit out means that a landlord can lease their premises faster.
What Does a Spec Fit Out Usually Include?
A spec fit out will be made up of a fully equipped office, with all basic requirements seen to.
For instance, a reception area will be fitted out, as this is a basic necessity for virtually all office based businesses.
The office kitchen is such an important area for your staff. A spec fit out will also include this, and occasionally a separate breakout room if necessary.
Generally, the desk plan will be open, allowing for adaptation in the future if required.
Lastly, a meeting or board room will be included, a crucial space in any office.
How Can Niche Projects Help?
We can help you, as the landlord, to design and fit out the best office possible.
At Niche Projects, we have plenty of experience in all sorts of fit outs, including spec fit outs for building owners.
For instance, we can work with you from inception to completion, and all of this is included in-house. Moreover, we offer the design stage free of charge for you.
As well as
this, we can specify all the furniture and provide a thorough costing analysis
for you, to ensure you are as prepared as possible.
Council applications are also included in our speculative fit out services, so you won’t need to go to any effort to secure these.
To discuss a spec fit out, get in touch with Niche Projects here.