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What does lettable mean?

Looking for the meaning or definition of the word lettable? Here's what it means.

Adjective
  1. Able to be let (that is, rented or leased).
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Examples
The office building offers 10,000 sqm of lettable floor space.
Very many investors in this sector buy properties in bad condition, and then renovate them to make them lettable.
Generally speaking, the only fishings which appear separately in Valuation Rolls as having a lettable value in their actual state from year to year are salmon-fishings.
Stage 1 of the £23m Phase 4 development provides 24,000 square feet of lettable area.
The building comprised almost 266 square metres of net lettable space along with a full yard which provided car parking and a two-bedroom mews to the rear.
The built surface area amounts to approximately 2.720 m², with 1.113 m² lettable commercial surface area.

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