Leasable Area

**Leasable Area**

The leasable area refers to the amount of space within a property that is available for rent or lease to tenants. This measurement typically includes all usable floor space that occupants can utilize, such as offices, retail spaces, or industrial units, but may exclude common areas like hallways, lobbies, and shared facilities. Understanding the leasable area is essential for landlords and tenants to determine rental rates, calculate occupancy costs, and compare different properties effectively.