1. able to be leased or rented out
Usage: real estate; business

Examples

• The building has 50,000 square feet of leasable office space.
• Not all areas of the property are leasable to tenants.
• The developer calculated the leasable square footage for pricing.
• Storage areas in the basement are not considered leasable space.
• The mall has several leasable retail units available.
• Leasable assets can provide steady rental income.