Flex space

Commercial property & real-estate term

A building providing its occupants the flexibility of utilizing the space. Usually provides a configuration allowing a flexible amount of office or showroom space in combination with manufacturing, laboratory, warehouse distribution, etc. Typically also provides the flexibility to relocate overhead doors. Generally constructed with little or no common areas, load-bearing floors, loading dock facilities and high ceilings.

Part of the Commercial Property glossary — plain-English definitions of the terms you meet when leasing, buying or selling commercial space in South Africa. See also our how-to guides.

More terms under “F”

Far Fixed tenant improvement allowance Fully amortizing payment Functional obsolescence Finder's fee Fixed expenses Floating rate Firm offer

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