An upfit is the modification of a space – upfit (fitting) an existing space or a newly acquired commercial space to accommodate a renter or expand lease opportunities. These upfit projects are where changes are made to the interior of a commercial property.
Generally, when a tenant vacates a commercial space, the space is converted back to a shell. The new tenant may then personalize the interior and expand as needed. A tenant upfit usually includes putting in walls with a custom layout, flooring, ceiling, lighting, and office styles.
Office styles can be categorized in 3 packages:
Open floor plan with no enclosed offices with plenty of conference and collaboration space
10% enclosed offices but mostly open workspaces with conference space and two to four collaboration spaces
40% enclosed office space and large, open floor plan workspaces
As a landlord or owner of a space, you may need a basic upfit that includes expanding space, adding HVAC, electricity, plumbing, and exterior customization.