Real Estate Glossary

Gross Leasable Area (GLA)

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Written by Richard Wilson

This floor area is created for tenant inclusive occupational use. It includes the mezzanine, secondary floors, and basements. GLA is measurable from the centerline of joint partitions and the outside walls. It is the scope that tenants pay rent for, meaning the usable area that creates an income.

This floor area is created for tenant inclusive occupational use. It includes the mezzanine, secondary floors, and basements. GLA is measurable from the centerline of joint partitions and the outside walls. It is the scope that tenants pay rent for, meaning the usable area that creates an income.

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Richard Wilson

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