Practical Law Glossary Item 1-502-6546 (Approx. 3 pages)
Glossary
Net Leasable Area
The floor space that may be rented to tenants in a building. Depending on the agreed terms of a particular lease, the rental payments are usually based on the net leasable area of the leased premises. Generally, the net leasable area excludes non-leasable space such as common areas and space devoted to the heating and cooling of the building and other utility areas.