Gross leasable area

Gross leasable area

Gross leasable area (GLA) in the retail development industry is a 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). It is measured from the center line of joint partitions and from outside wall faces. That is, gross leasable area is the area for which tenants pay rent, and thus the area that produces income for the property owner.

It is well established that for a retail store with only one major vendor, the measurements Gross Floor Area (GFA) and Gross Leasable Area (GLA) are essentially equal.

The Gross Leasable Area (GLA) means the Total Floor Area designed for tenant occupancy and exclusive use. Except for the recent small addition, a single major vendor in a retail building is the only tenant in the total square foot (TFA) store. Since the owner essentially owns the entire building, and all areas are essentially used for the operation of the store, then for Loblaws GFA = GLA.

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • gross leaseable area — USA In a leasing context, it is generally the area of a building that can be used by the tenants. It usually includes certain common areas, elevators, common bathrooms, stairwells, and other portions of the building that the tenants do not occupy …   Law dictionary

  • net leaseable area — USA The floor space that may be rented to tenants in a building. Depending on the agreed on terms of a particular lease, the rental payments are usually based on the net leasable area of the leased premises. Generally the net leasable area… …   Law dictionary

  • Общая площадь, подлежащая сдаче в аренду — (GROSS LEASABLE AREA GLA) общая поэтажная площадь, предназначенная исключительно для использования арендаторами. Обычно измеряется (в кв. футах) от центральной линии общих перегородок и от внешних стен …   Словарь инвестиционных и оценочных терминов

  • The Dubai Mall — The shopping mall s interior Location Downtown Dubai, United Arab Emirates Coordinates …   Wikipedia

  • Shopping mall — Interior of the Toronto Eaton Centre in Toronto, Ontario, Canada …   Wikipedia

  • Dubai Sports City — The Dubai Sports City is a $4 billion, 50,000,000 square feet (4,600,000 m2) mixed use sports city[1] currently being constructed in Dubai, United Arab Emirates. The city will consist of apartment buildings as well as several sports facilities.… …   Wikipedia

  • New South China Mall — Portion of empty mall area, February 2010 Location Dongguan, China Opening date 2005 Closing date 20 …   Wikipedia

  • Developments in Dubai — The Dubai government s decision to diversify from a trade based but oil reliant economy to one that is service and tourism oriented has made real estate and other developments more valuable, resulting in the property boom from 2004–2006.… …   Wikipedia

  • Jordan Creek Town Center — infobox shopping mall shopping mall name = Jordan Creek Town Center caption = location = West Des Moines, Iowa, United States opening date = August 4, 2004 developer = General Growth Properties manager = General Growth Properties owner = General… …   Wikipedia

  • Delta City — is a brand of shopping malls, with malls in Belgrade, Serbia and Podgorica, Montenegro. It is a subsidiary of Delta M, itself a division of Serbian Delta Holding. Contents 1 Delta City Belgrade 2 Delta City Podgorica …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”