A white-box space is a term used to describe a commercial property that is ready for tenant customization. It is typically a blank canvas that has been stripped of any previous tenant improvements or finishes and is ready for a tenant to build out and customize to their specific needs and requirements.
White-box spaces are often found in new or newly renovated buildings, and may include basic finishes such as painted walls, concrete floors, and exposed ceilings. They are typically leased to tenants on a raw or vanilla shell basis, meaning that the landlord is not responsible for providing any additional finishes or improvements.
White-box spaces can be a good option for tenants who want the flexibility to customize a property to meet their specific needs and branding. They can also be a good option for landlords who want to attract a wide range of tenants and are willing to offer a basic space that can be customized by the tenant. The terms of the lease agreement for a white-box space should clearly outline the responsibilities of the landlord and tenant for any improvements or finishes.
If you're a business owner in Louisville, KY, or its surrounding area, and you're looking for a commercial space to lease, I'd be happy to help you with your search! Feel free to call/text me at (502) 536-7315 or via email at raphael@grisantigroup.com.