first-generation space

first-generation space

Office space in a new building.First-generation space lacks walls,floor covering, ceiling tiles, and lighting; it has never been built-out.When comparing tenant improvement allowances among buildings under consideration for leasing office space, it is important to note if the space is first generation or second generation, because the build-out will typically be much more expensive in first-generation space. Even if second-generation space has to be completely reconfigured,there will still be some savings by the ability to reuse doors and light fixtures.