The term "usable area" is typically synonymous with "leasable area," in a building with multiple tenants.

Name: The term "usable area" is typically synonymous with "leasable area," in a building with multiple tenants.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

"Usable area" refers to the space actually occupied by a tenant, excluding common areas, while "leasable area" includes the tenant's usable area plus a pro-rata share of the building's common areas.

The Term "Usable Area" Is Typically Synonymous with "Leasable Area