Net Leasable Area (NLA) refers to the total floor space within a building that is available for rent to tenants, excluding common areas such as hallways, elevators, and mechanical rooms. NLA is a crucial metric for property owners and investors to determine the rentable value of a commercial real estate property.
Square footage is a measure of the area of a piece of real estate, typically measured in square feet. It represents the total floor area within a property's boundaries.
Square Footage of Living Area is a crucial metric in real estate, measured by the exterior walls, excluding basements, garages, carports, patios, or atriums. Different regions may have varying standards on what counts towards the living area.
