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A "white box" is a commercial space that is partially finished and ready for a tenant to customize according to their specific needs. The term comes from the appearance of the space which typically has white walls, white ceilings and minimal finish. This type of space is delivered to the landlord or tenant in an unfinished condition, allowing them to add their own touch to the space and make it suitable for their intended use. White box spaces are often used in retail, office, or industrial settings, and are common in new construction projects or renovations. They are a cost-effective option for landlords and tenants as it allows them to have more control over the final design and layout of the space.