📐 Build-to-Suit vs Spec Construction: Which CRE Strategy Wins? 🏗️

Bill Rapp, CRE Broker

Published on: 16/08/2025

📐 Build-to-Suit vs Spec Construction: What’s the Difference? In commercial real estate development, two common strategies dominate new builds — Build-to-Suit (BTS) and Speculative (Spec) Construction. While both involve creating new properties, the timing, risk, financing, and tenant dynamics differ significantly. Understanding these differences can help investors, business owners, and developers choose the right path for their goals.