What is NET RENTABLE AREA?

Building’s actual square-unit ready for lease or rent to tenants. This is the area used to compute expected lease or rental payments. Common areas, elevator shafts, stairways, and space devoted to cooling, heating, or other equipment are typical excluded areas.

More On This Topic



Link to This Definition
Did you find this definition of NET RENTABLE AREA helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary