Warm shell in real estate
A "warm shell" in commercial real estate refers to a state of a building or a tenant space that is more than just an empty, raw shell, but not yet fully finished for a tenant to move in and operate.
It's a middle ground that provides a basic, functional framework for the tenant to then complete the build-out according to their specific needs.
Key Features of Our Warm Shell Properties
HVAC System: Pre-installed and fully functional heating, ventilation, and air conditioning systems. This is a major expense and a key component that is often left out of a raw shell.
Finished Restrooms:The restrooms are typically fully built out with plumbing fixtures, toilets, sinks, and finished walls and floors.
Basic Lighting: A basic, functional lighting grid is usually in place, allowing for safe access and initial construction work.
Fire Suppression System:
Sprinklers and a fire alarm system are often installed and ready for use.
Finished Common Areas: Lobbies, elevators, and corridors are fully completed and aesthetically pleasing.
Exterior Walls/Windows: The building's exterior is complete, including all walls, windows, and doors.
Walls: Interior walls are typically demised to the extent needed, often with drywall or plaster, but are not painted or finished for the tenant's specific layout.