Net rentable area

Net rentable area,

Definition of Net rentable area:

  1. Actual square-unit of a building that may be leased or rented to tenants, the area upon which the lease or rental payments are computed. It usually excludes common areas, elevator shafts, stairways, and space devoted to cooling, heating, or other equipment. Also called net leasable area.

Meaning of Net rentable area & Net rentable area Definition