Build-to-Suit vs. Spec: Which Building is Right for a Specific Company?

Build-to-Suit vs. Spec: Which Building is Right for a Specific Company?

Build-to-Suit vs. Spec: Which Building is Right for a Specific Company?

Build-to-Suit vs. Spec: Which Building is Right for a Specific Company?

Learn When to Design a More Customized Space or Go Spec

“When it comes to choosing the right building, there are several questions an organization must ask itself,” says MPS principal and Commercial Practice Leader K.J. Jacobs in this article he wrote for NAIOP Development Magazine. “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…”

What’s a “Spec” Building?

Speculative, or “spec” buildings, are built by developers with the goal of attracting tenants during or shortly after construction. Typical spec building tenants can include professional services firms, call centers and other businesses.

What’s a Build-to-Suit Building?

Build-to-suit buildings are purposedesigned, built and typically owned by a specific organization to accomplish specific goals. Build-to-suit buildings can vary widely in size, function and design depending on the owner organization’s needs. Owners of these custom buildings are usually well-established companies with long track records that have the capital and staying power to make a long-term investment in a physical asset.

How to Determine Whether Spec or Build-to-Suit Is Best?

Whether you’re running a young, growing enterprise, or have a more established firm, read this article to discover how to determine whether spec or build-to-suits are right for you.

Download the full interview in PDF, here.

Start a Conversation

If you’re interested in discussing your next customized office or speculative building, contact MPS Principal K.J. Jacobs.

Pictured: K.J. Jacobs

K.J. Jacobs

AIA, LEED AP

Principal, Commercial Practice Leader

Contact K.J.