At each point you click, the length of the outline is displayed like with the
Measure Distance command. When you close the outline, the
polygonal area is colorized in light blue and the 2D area (as seen from vertically above)
is calculated.
Note:
Even though the measure is displayed in meters, the area is actually calculated in
the unit of the local projection. Therefore, the precision might differ depending on
the accuracy of the local projection used by the database.