Meaning of the word "for lease" in English

What does "for lease" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

for lease

US /fɔːr liːs/
UK /fɔː liːs/
"for lease" picture

Phrase

available to be rented for a specific period of time, especially regarding property or vehicles

Example:
There is a large office space for lease in the city center.
The sign on the building says 'For Lease'.