Understanding Usable Area in Real Estate: Key Definitions, Importance, and Applications
Net Leasable Area (NLA) refers to the floor space in a building or project that may be rented to tenants and is used to calculate rental payments, excluding common areas and equipment space. Learn about its different types, applications, and more.
Net Leasable Area (NLA) refers to the portion of a commercial property that is available for tenant use, typically measured in square feet or meters, excluding common areas.
Rentable Area refers to the total floor area that a tenant can use exclusively during a lease, often linked with terms such as Net Leasable Area in commercial real estate contexts.
