Rentable Space

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January 1, 1 5 min read Definitions

Net Leasable Area NLA Commercial Real Estate Rentable Space Property Value Floor Space Property Management

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.