Net Leasing Area (sqm)
What is it?
Net Leasing Area (sqm) represents the difference between the total area of new signed contracts and the total area of terminated or cancelled contracts during a specified time period. It shows the net change in the contracted area for a property over time.
How is it calculated?
New contracted area - Terminated area = Net Leasing Area (sqm)
* The key figure checks how much has been signed and canceled for the selected period. The key figure does not take into account when in time an agreement actually starts or ends.
Why is it important to follow?
Net Leasing Area (sqm) is a critical indicator of the growth or reduction in the contracted area of a property over time. A positive net growth indicates increased demand for the property, while a negative net growth may indicate challenges such as decreased demand or competition. It's important to track to gain insights into the property's market position and its ability to attract and retain tenants.
Created by Homepal
3/21/2024
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