A building constructed by a developer before it is purchased or leased by a occupant is called?

A building constructed by a developer before it is purchased or leased by a occupant is called?

• A. Custom
• B. Prebuilt
• C. Ready-Built
• D. Speculative

Answer: (D)

This item tests terminology for buildings built before a specific occupant is identified. A speculative building is constructed by a developer with the aim of selling or leasing it after completion, without a committed tenant in advance. It’s built on speculation to appeal to a range of future occupants, rather than to meet the needs of a particular user. This differs from a custom build, which is tailored to a named client’s exact requirements, and from prebuilt or ready-built, which don’t describe the full project being created for sale or lease to unknown future occupants.

This item tests terminology for buildings built before a specific occupant is identified. A speculative building is constructed by a developer with the aim of selling or leasing it after completion, without a committed tenant in advance. It’s built on speculation to appeal to a range of future occupants, rather than to meet the needs of a particular user. This differs from a custom build, which is tailored to a named client’s exact requirements, and from prebuilt or ready-built, which don’t describe the full project being created for sale or lease to unknown future occupants.