1st generation is a new, empty shell and a 2nd generation has previously been another business.
2nd generation space, or “2nd gen”, is a space that has been built out with ceilings, walls, millwork, plumbing, HVAC and more. The space has been completely finished out by the previous tenant. A 1st generation space is an empty shell with no wall or ceiling finishes, no HVAC, no electrical, no plumbing and a concrete or dirt floor.