Okuzeka
Real Estate vocabulary · Commercial Real Estate

Office space

Meaning in real estate, with examples

nounCore term

In real estate, office space means: Rooms or floors in a building used or available for office work, usually leased to companies by the square foot or square metre.

In Turkish: ofis alanı, büro alanı

How it is used

Uncountable: some office space, 2,000 square metres of office space. Brokers grade it A, B or C (Class A, B or C in the US) by quality and location. Flexible office space and coworking are growing parts of the market.

Example sentences

  1. We're looking for about 500 square meters of office space near the metro.

  2. Demand for office space has changed since hybrid working became common.

Common collocations

  • lease office space
  • Grade A office space
  • flexible office space
  • square feet of office space
  • commercial real estateProperty used for business rather than as a home, such as offices, shops, warehouses, hotels and factories.
  • retail spaceCommercial property used for selling goods or services to the public, such as shops, showrooms and units in shopping centres.
  • fit-outThe work of preparing the inside of a commercial space so it can be used, such as building walls and ceilings and installing lighting, cabling and kitchens.
  • vacancy rateThe share of units in a building, portfolio or market that are empty and not rented at a given time, shown as a percentage.
  • break clauseA term in a lease that lets the landlord, the tenant or both end the lease early on a set date, usually after giving notice.

More terms: Commercial Real Estate

Practise with graded reading

Reading at the right level is the fastest way to make new words stick. Pick free English books by level: