Landlord delivers the space fully fit out per tenant spec.

  • Landlord delivers the space fully fit out per tenant spec.
  • Landlord designs, permits, and constructs the entire fit-out, then hands keys to the tenant.

Turn-key build-out

Construction · US

Short definition

Landlord delivers the space fully fit out per tenant spec.

Full definition

Landlord designs, permits, and constructs the entire fit-out, then hands keys to the tenant. The tenant's TI allowance becomes a build-out cap; overruns are tenant's cost.

Why this matters for Class A leasing

Turn-key build-out is part of the construction vocabulary that institutional Class A occupiers, landlords, and advisers use across US markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the US definition alongside the global standard so cross-border occupiers can translate quickly.

Related topics

  • Fit-out Capex — How to budget, sequence, and govern Class A office fit-out capex.
  • US TIA Strategy — How to negotiate, draw down, and account for US tenant improvement allowances (TIA).