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lettable space
[ˈletəbl speɪs]
noun
pl: lettable spaces
espaço alugável
1.
An area of a building or property that is available for rent to tenants
The office building has 50,000 square meters of lettable space.
O edifício comercial possui 50 mil metros quadrados de espaço alugável.
2.
Commercial or residential property designed and suitable for leasing to occupants
The developer plans to increase lettable space on the ground floor.
O incorporador planeja aumentar o espaço alugável no térreo.
NYC Slang
rentable space; leasable square footage
Synonyms
rental space
leasable space
usable floor space
commercial space
office space
Antonyms
non-lettable space
common area
unusable space
Regional Variations
General Brazilian
espaço alugável
Most common term in Brazilian Portuguese real estate
São Paulo
área locável
Alternative term used in commercial real estate transactions
Portugal
espaço arrendável
Portuguese prefers 'arrendável' (from arrendar - to lease)
Related Idioms & Phrases
maximize lettable space
lettable space per floor
net lettable space (NLS)
gross lettable space (GLS)
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