gross leasable area

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gross leasable area (GLA)

A total amount of floor space available for rental to tenants; typically encountered in the retail development industry,although it also applies to office space.
References in periodicals archive ?
Walgreens - Corbin, Kentucky (Cumberland Gap Parkway location): The property has approximately 13,650 square feet of gross leasable area and was purchased for a total of $3,526,238 at an approximate cap rate of 8%.
Warrenton, Missouri: The Warrenton property includes 199,963 square feet of gross leasable area, which is currently 89 percent occupied.
During 2004 RioKim acquired one property with 196,000 square feet of gross leasable area.
The Company currently owns 363 investment properties in 38 states with a gross leasable area of approximately 8.
Centro holds ownership interests in 114 shopping centers across main population areas in all states of Australia with over gross leasable area of 20 million square feet.
6 million square feet of gross leasable area for a gross cost, including pending development, of $115.