Answers · WALE
What is WALE (weighted average lease expiry)?
Direct answer
WALE stands for weighted average lease expiry — the average length of time until the leases on a property (or portfolio) expire, weighted by income or area. A longer WALE means more secure, predictable income; it's a key metric for property investors and lenders.
WALE answers the question 'how long until I have to re-let this space?' If a building has several tenants, their lease expiries are averaged and weighted — usually by the rent each contributes (income-weighted) or by floor area. A property with a long WALE has locked-in income for years; a short WALE means re-leasing risk is close.
For tenants, WALE is worth understanding because it shapes how a landlord thinks. A permanent-hold owner values long leases precisely because they extend WALE and income security — which aligns neatly with a tenant who also wants long, secure tenure. Long leases are good for both sides, which is part of why we offer them.
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