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Shell space denotes the interior condition of a specific space that does not have interior improvements or finishes.
Shell space. In commercial real estate the term shell condition refers to the interior condition of the space when a new tenant takes over a lease. An typical example of what you can expect from shell space in a new development. Industrial buildings commercial offices and even a residential apartment.
It may also have some basic hvac plumbing and electrical. For industrial spaces a shell space will typically be a building with little to no interior improvements or finishes on the inside. Shell condition space typically does not include.
Shell space refers to a suite or floor within a building that has floor walls windows and a roof but no interior improvements.
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