Meaning of the word buildout in English

What does buildout mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

buildout

US /ˈbɪldˌaʊt/
UK /ˈbɪldˌaʊt/

Noun

1.

the construction or renovation of an interior space to suit a tenant's needs

Example:
The office space required a complete buildout before the new company could move in.
The restaurant's interior buildout cost more than expected.
2.

the maximum extent to which a property or area can be developed

Example:
The city council approved the full buildout of the new residential complex.
The master plan outlines the potential buildout of the entire district over the next decade.