Bill Rapp, CRE BrokerPublished on: 16/08/2025
π Build-to-Suit vs Spec Construction: Whatβs the Difference?
In commercial real estate development, two common strategies dominate new builds β 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.
build-to-suitspec constructioncommercial real estate developmenttenant pre=leaseCRE Investment stategiescommercial property financing