This isn't quite true. There are many necessary requirements on the "world of the simulation" regarding various mappings of particular interest to (or from) the thing being simulated, which greatly constrain what must be true of the "world of simulation" outside of any interpretation of a mind.
The constraints don't matter.
You're either building a representation or a reproduction.
If you're building a reproduction, it does whatever the original does in the real world, as long as it's precise enough.
If you're making a representation, then the medium -- paper and ink, clay, a computer, whatever -- is the only thing objectively real. The thing represented -- whether a tornado or an auto race or a brain -- has no real existence but is a figment of the imagination of the perceiver.
We have 2 possible spaces to discuss -- the real world and our imagination.
There are no other spaces.
If you claim that new spaces are indeed created by representations, which are neither plain old physical reality nor the imagination of the perceiver, then you're going to have to explain how that happens, where they exist, the physics (or metaphysics) involved, etc.
Failing that, it makes no sense to speak of what is "real" inside any representation.