gross leasable area


Also found in: Dictionary, Medical, Acronyms, Encyclopedia, Wikipedia.

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 ?
Warrenton, Missouri: The Warrenton property includes 199,963 square feet of gross leasable area, which is currently 89 percent occupied.
The shopping has 27,904 square meters of Gross Leasable Area ("GLA"), 256 stores, including 3 anchor stores and 253 satellite stores and 1,700 parking spaces.
Upon completion of the merger, the Company will own or have an interest in 241 properties containing an aggregate of 165 million square feet of gross leasable area in 35 states.
Upon scheduled completion of the properties currently under construction, the Company will own and operate over 3,200,000 square feet of gross leasable area, making it one of the largest owners and operators of factory outlet shopping centers in the country.
The Company currently owns 362 investment properties in 38 states with a gross leasable area of approximately 8.
The acquisition of the MillStream property will add over 191,000 square feet of gross leasable area to the Tanger Factory Outlet Centers portfolio.
During 2004 RioCan signed 401 new leases totaling more than 1,685,000 square feet of gross leasable area, including partners' interests.
In addition to the department stores, Parklane has approximately 202,000 square feet of mall and freestanding gross leasable area and currently has a mall store occupancy level of 96.
With the addition of Indiana Factory Shops, Prime Retail has four new outlet centers currently under construction which will add an aggregate of 842,000 square feet of gross leasable area.