Build-to-Suit vs. Spec: Which Building is Right For a Specific Company?
Category: Industry
Oct
04
originally published by K.J. Jacobs for NAIOP National
Businesses that are young and growing might lean toward spec; older, established firms could favor build-to-suits.
When it comes to choosing the right building, there are several questions an organization must ask itself. Is the company at a place where it can invest in a building that will attract prospective employees? Is the company looking for a more temporary or flexible workplace? Is the facility able to support the organization’s needs for production, research, collaboration or innovation?
Since each company’s requirements, goals and operations are unique, as are each facility’s offerings and characteristics, the answers will vary depending on who’s asking.
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