A fully-fitted suite delivered ready for occupancy by the landlord.

  • A fully-fitted suite delivered ready for occupancy by the landlord.
  • Common in trophy buildings as a marketing tool — landlord delivers a fully-built suite (including furniture in some cases) and adjusts the rent to amortise the investment.

Turnkey

Construction · Global

Short definition

A fully-fitted suite delivered ready for occupancy by the landlord.

Full definition

Common in trophy buildings as a marketing tool — landlord delivers a fully-built suite (including furniture in some cases) and adjusts the rent to amortise the investment. Faster occupancy, less tenant capital deployed.

Why this matters for Class A leasing

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

See also