Leasable area Term Meaning in Real Estate - Guide

Actual square unit of a building that may be leased or rented to tenants

Devika Arora

7 years ago

Published Date: Apr 24, 2018

Updated Date: Mar 27, 2024

Actual square unit of a building that may be leased or rented to tenants; it is the area upon which the lease or rental payments are computed.

It excludes common areas, elevator shafts, stairways and spaces devoted to cooling, heating or other equipment.

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