1. A designated geographical region or territory where oil, gas, or mineral extraction rights are leased to companies or individuals
The government opened a new leasing area in the Gulf of Mexico for oil exploration.
O governo abriu uma nova área de arrendamento no Golfo do México para exploração de petróleo.
2. A zone designated for the leasing of commercial or residential properties
The leasing area includes several premium office buildings downtown.
A área de arrendamento inclui vários edifícios comerciais premium no centro da cidade.