space pocket

space pocket

A portion of leased premises set aside to accommodate future growth on the part of the tenant.Typically, no rent is due on the pocketed area until the earlier of actual use or a specified future date.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
"By increasing the width of a circulation hallway or space pocket, and placing soft seating and a teaming table there, we're able to maximize use of that space by creating an informal collaboration hub."
Or the change might be as simple as adding a space pocket badge.
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