Land Use & Zoning
In South Carolina, what does 'build-to-suit' mean in commercial real estate?
ABuilding according to standard residential code requirements
BA development arrangement where a developer constructs a building to a specific tenant's requirements and then leases or sells it to that tenant✓ Correct
CBuilding according to local zoning codes
DA tenant's right to modify the space to suit their needs
Explanation
Build-to-suit (BTS) is a commercial real estate arrangement where a developer or investor constructs a building custom-designed to a tenant's specific requirements, then typically leases it under a long-term lease. It benefits the tenant (custom space) and developer (guaranteed occupancy).
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