Glossary of Useful Retail Leasing Terms

In the following section, we have defined some of the most commonly used terms in the real estate industry, as referenced in the previous sections of this leasing tool kit. Read on to familiarize yourself with these terms as you progress through your leasing journey.

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Usable SF
Usable square footage is anything within the boundaries of the floor or unit. It does not include common areas of a building (lobbies, common restrooms, stairwells, storage rooms, and shared hallway). In sum, it’s a retail tenant’s exclusive space.