GLA (Gross Leasable Area)

Category: business

The total floor area designed for tenant occupancy and exclusive use, including basements and mezzanines.

GLA is the "revenue footage." It is the exact square footage that the landlord can legally charge rent for. It excludes common areas like public lobbies, shared restrooms, and elevator shafts.

Common Examples

• The shopping center’s valuation is based heavily on its 250,000 square feet of Gross Leasable Area.
• We verified the GLA through an independent architectural audit before finalizing the commercial purchase agreement.