Fit-out is the interior build-out of a commercial space to make it ready for its specific use: partitions, furniture, cabling, lighting, finishes. It is turning empty square meters into a place that already works.

Who pays for the fit-out is one of the most important negotiations in a commercial lease, because it is usually a large figure.

Example: in the Phase 2 office proposal, the required initial investment is USD 158,000 and the report notes that the operator contributes the fit-out. That parenthesis matters: the build-out of the 400 m² is financed by the operator, not the project.