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Webster 1913 Edition

Adj.

[From 2d

Such as can be leased.

Adj.

That may be leased.

leasable ‎(comparative more leasable, superlative most leasable)

Able to be leased.
- 2007 August 29, Jane L. Levere, “Brooklyn Navy Yard, a Roomy Haven for Industry, Once Again Is Booming”, in New York Times:
  The Brooklyn Navy Yard has had a 98 percent occupancy rate for leasable space for the last five years and has gone from net cash flow of $700,000 in 2001 to $5.5 million in the fiscal year that ended June 30, because of annual rents that can be more than $20 a square foot.