The term for a building constructed by a developer prior to occupancy is commonly

The term for a building constructed by a developer prior to occupancy is commonly

• A. A building designed for a specific tenant
• B. A building constructed by a developer prior to occupancy
• C. A building used for industrial purposes
• D. A building with temporary occupancy

Answer: (B)

Speculative construction is the idea here. When a developer builds a structure before any tenant or buyer is secured, the project is done on speculation—expecting to lease or sell the building after it’s completed. The term that best fits that scenario is a speculative building, since it captures the pre-occupancy intent. The other options describe different situations: built-to-suit means the design is tailored for a specific tenant from the start, while the terms about industrial use or temporary occupancy refer to different uses or conditions that don’t define the pre-occupancy development approach.

Speculative construction is the idea here. When a developer builds a structure before any tenant or buyer is secured, the project is done on speculation—expecting to lease or sell the building after it’s completed. The term that best fits that scenario is a speculative building, since it captures the pre-occupancy intent. The other options describe different situations: built-to-suit means the design is tailored for a specific tenant from the start, while the terms about industrial use or temporary occupancy refer to different uses or conditions that don’t define the pre-occupancy development approach.