In this paper, we address the minimum-area rectangular and square annulus problem, which asks a rectangular or square annulus of minimum area, either in a fixed orientation or over all orientations, that encloses a set $P$ of $n$ input points in the plane. To our best knowledge, no nontrivial results on the problem have been discussed in the literature, while its minimum-width variants have been intensively studied. For a fixed orientation, we show reductions to well-studied problems: the minimum-width square annulus problem and the largest empty rectangle problem, yielding algorithms of time complexity $O(nlog^2 n)$ and $O(nlog n)$ for the rectangular and square cases, respectively. In arbitrary orientation, we present $O(n^3)$-time algorithms for the rectangular and square annulus problem by enumerating all maximal empty rectangles over all orientations. The same approach is shown to apply also to the minimum-width square annulus problem and the largest empty square problem over all orientations, resulting in $O(n^3)$-time algorithms for both problems. Consequently, we improve the previously best algorithm for the minimum-width square annulus problem by a factor of logarithm, and present the first algorithm for the largest empty square problem in arbitrary orientation. We also consider bicriteria optimization variants, computing a minimum-width minimum-area or minimum-area minimum-width annulus.
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