Glossary of Useful Retail Leasing Terms
In the following section, we have defined some of the most commonly used terms in the real estate industry, as referenced in the previous sections of this leasing tool kit. Read on to familiarize yourself with these terms as you progress through your leasing journey.
Vanilla Box
Retail space improved from a Cold Dark Shell with basic occupancy requirements including basic lighting grid, bathroom, HVAC, life safety, and limited finishes. Usually, this is space that was previously inhabited by a previous retail tenant or pop-up user. Vanilla Box is NOT used to describe a former restaurant space.
