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.
Net Leasable Area (NLA) represents the precise space within a commercial property that can be rented to tenants. It is a critical metric for landlords and investors when estimating potential rental income.
