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.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
In addition, this transaction includes the two fully let properties adjacent to Alojas Biznesa Centrs comprising a gross leasable area of 2,600 square metres, namely the retail property 'Alojas Kvartals', located on the same land plot, and a B class office building on Alojas iela 6, offering a future opportunity to extend Alojas Biznesa Centrs.
Another retail addition will be the Springs Village with over 2.2ha gross leasable area.
Marks Place has a gross leasable area of 15,600 s/f.
It is estimated that the GCC region will have an addition of 12 million sq m of gross leasable area.
Summary: ABU DHABI -- The Baniyas Investment and Development Company, or BIDC, -- the investment arm of the Baniyas Sports Club -- has announced that more than 51 per cent of the gross leasable area, or GLA, at Bawabat Al Sharq Mall is now operational.
The 82,000 mA gross leasable area mall will open its doors for shoppers on July 5th.
While economists and finance ministers have voiced concern at double-digit inflation over the past year in some nations of the Gulf region, exacerbated by the weakness of the US dollar to which the GCC currencies are pegged, the outlook for the retail sector is optimistic particularly in terms of Gross Leasable Area and spending.
said yesterday that it agreed to buy two supermarket-anchored shopping centers comprising about 314,000 square feet of gross leasable area (GLA) in Gardner, Mass.
In these transactions, Ames gross leasable area (GLA) is less than 1 percent of the total pool, and on average is approximately 0.33 percent.
The company has also ventured into the warehousing business, putting up with its first project in Muntinlupa City with a gross leasable area of 32,000 square meters.
For the office, Yulo said the Pogos were able to take about 70,000 sq m to 80,000 sq m of gross leasable area.
Across the assets of Emaar Malls -- which include Dubai Mall, Dubai Marina Mall and Souk Al Bahar -- gross leasable area occupancy levels were at 95 per cent.