Leasable

Leasable is an adjective meaning capable of being leased or available for lease. It describes property or assets that can be rented to another party under a lease agreement. The term is common in real estate, asset management, and equipment leasing. An asset described as leasable is typically evaluated for its income-generating potential based on factors such as location, condition, and market demand.

In commercial real estate, leasable space refers to the portion of a building that a landlord can rent to tenants. A frequently used figure is gross leasable area (GLA), which represents the rentable portion of the property that tenants will occupy, as opposed to common areas or building core. Leasable space is central to determining rent levels, occupancy rates, and asset valuation.

Beyond buildings, many types of equipment and vehicles are described as leasable, including machinery, IT assets, and fleet vehicles. Leasing arrangements define the term, price, maintenance responsibilities, and what happens at the end of term.

Spelling and usage: leasable is an accepted spelling of the adjective; variants such as leaseable exist in some regions and style guides. Both forms convey the same core meaning, and choice of spelling may depend on regional preferences or house style.

See also: lease, lease rate, occupancy, gross leasable area, net leasable area, asset management.