The total floor area designated for tenant occupancy and on which tenants pay rent. Usually used in describing property used for retail sale establishments.
The total floor area designed for tenant occupancy and exclusive use and is that area on which tenants pay rent. As adopted by the shopping centre industry it is measured from the centre line of joint partitions and from outside wall faces.
All area within the outside walls, including lobbies, restrooms, janitor closets etc., designed for use and occupancy by the tenants.
Total space designed for occupancy and exclusive use of tenants, measured from outside wall surfaces to the center of shared interior walls.
Refers to the total area within an office property that is available for lease to tenants and upon which tenants pay rent. A property's GLA is usually expressed in square feet.
Total floor space available for retail sales. Hard goods: Nontextile products.
Term used in retail leasing. It is generally the floor area available for the exclusive use of a retail tenant measured to the outside face of exterior walls and the centerline of demising walls separating tenants. Includes basements and mezzanines.
(GLA) The sum measurement of all space available for tenant rental. It is usually measured from the center of demising walls and consists of all space on which rental income can be collected. In contrast to the usable area, the gross leasable area includes common areas, hallways, exterior walls and entrances. For more information, see the "Overview of Leases" article in the "Real Estate In-Depth" section.
Total floor space available for retail sales, usually in square feet.
The total floor area designed for tenant occupancy and exclusive use, including basements, mezzanines, and upper floors, and it is measured from the center line of joint partitions and from outside wall faces. GLA is that area on which tenants pay rent; it is the area that produces income.
The total usable, rental space in a building.
(See Leasable Area for Office and Industrial properties) The portion of Total Floor Area designed for tenants' occupancy and exclusive use, including storage areas, department stores, and outparcel buildings owned by and leased from the center. It is the area that produces rental income. (ULI)
The floor area that can be used by tenants. Generally measured from the center of joint partitions to outside wall surfaces. Contrast net LEASABLE area.
GLA The area for which tenants pay rent.
Building's total floor area, in square feet, designed for tenant leasing.
Gross leasable area (GLA) in the retail development industry is term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented. Specifically, gross leasable area is defined as the total floor area designed for tenant occupancy and exclusive use, including any basements, mezzanines, or upper floors. It is typically expressed in square metres (although in some places such as the United States and Canada, the square foot is used).
