Whether you are a landlord of a commercial office space or a business looking for new premises, a speculative fitout could be an option for you, depending on your needs. The team from Vestra in Sydney have a wealth of experience in working on spec fitouts, so we have compiled a quick guide to help you. If you have any questions or want a free quote on office fitout solutions, feel free to get in touch with us today and our team will be here to assist.
What Is a Speculative Office Fitout?
A speculative office fitout is a pre-designed and pre-fitted space that is made ready for potential tenants to move in quickly. Unlike a customised fitout, the space, layout and functionality has already been determined and a potential tenant can move into a fully working office space.
Are Spec Fitouts Value for Money?
A speculative fitout may be the right option for some businesses as it can be cost-effective, with reduced upfront costs and quicker move-in times. However, value for money will depend on whether the pre-fitted space meets your business needs. If it does, then a spec fitout may deliver value for you.
Will a Spec Fitout Suit Our Office Needs?
If you’re a small business that primarily needs desk space, a spec office fitout could be just the ticket. Spec designs will include the basics of desk space and a few other elements for collaborative working or staff breaks. However, if your business needs are more specific, and you require bespoke areas for different types of working, then a spec fitout might not be suitable for your business.
The Benefits of Spec Fitouts
- For Landlords: With spec fitouts, landlords can offer ready-to-use workplaces with a modern office fitout, speeding up the leasing process and decreasing vacancy times. In addition to setting properties apart from the competition, spec fitouts also allow landlords to increase rents because of the ready-made, low-cost solution offered to the tenant.
- For Tenants: Tenants can save money and time with spec fitouts, which include reduced upfront expenses and quicker move-ins. Plus, they offer modern, adaptable layouts that can meet the demands of a range of businesses.
Challenges to Consider
It’s important to consider that spec fitouts offer limited customisation options, and that certain types of fitout might not be the right match for your business. If a spec fitout turns out to involve hidden costs because its not suitable, then it could be a false economy.
Get Expert Advice
If you’re looking for a modern office fitout but can’t decide between spec or bespoke options, then the team from Vestra can offer expert advice and guidance. We draw on our years of experience to help you make the right choice. If you’re a landlord considering what to do with your space, then we can provide comprehensive office fitout solutions to deliver high-quality spec fitouts that will give you a competitive edge in the rental market.
Contact Vestra online for expert advice on choosing the right office fitout solution, whether it’s a spec fitout or a custom-designed space, or call us on 02 8310 9922.
