1. The total floor space in a building or property that is available for lease or rental to tenants
The office building has a lettable area of 50,000 square meters.
O edifício comercial tem uma área arrendável de 50.000 metros quadrados.
2. The usable space in a property that can be leased, excluding common areas and structural elements
The lettable area does not include stairwells and elevator shafts.
A área arrendável não inclui escadas e poços de elevadores.