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leasable area

[/ˈliːsəbəl ˈɛəriə/]
nounpl: leasable areas
área locável
1. The total space in a building or property that can be rented or leased to tenants, excluding common areas and non-rentable spaces
The office building has a total leasable area of 50,000 square feet.
O edifício comercial tem uma área locável total de 50.000 pés quadrados.
2. In real estate, the portion of a property available for lease agreements with tenants
The developer calculated the leasable area to determine rental income potential.
O desenvolvedor calculou a área locável para determinar o potencial de renda de aluguel.
Synonyms
rentable arealettable arealeasing area
Antonyms
common areanon-leasable area

Regional Variations

General Brazilian
área locável
Standard term used in real estate and commercial property markets
São Paulo
área locável
Common in commercial real estate documentation and contracts
Portugal
área arrendável
Portuguese preference uses 'arrendar' instead of 'locar'

Related Idioms & Phrases

maximize leasable area
calculate leasable area
increase leasable area
total leasable area (TLA)
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