Gross Leasable Area (GLA)

Definition of "Gross leasable area (GLA)"

Tamara Schofield real estate agent
Tamara Schofield, Real Estate Agent Realty ONE Group NEST

Building's total floor area, in square feet, designed for tenant leasing. The GLA in normally calculated from the outside walls to any existing room partitions.


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Comments for Gross Leasable Area (GLA)

Ma.Theresa Timbreza Ma.Theresa Timbreza said:

What is REIT?

Aug 01, 2020  12:33:07

Real Estate Agent

Hey, Theresa! REIT or Real Estate Investment Trust are companies that finance, own, or operate income-generating real estate across multiple sectors. There are multiple types of REITs, but all provide investors with the chance to be shareholders and earn dividends without having to manage, buy, or finance property themselves. Do check our Glossary term, Real estate investment trusts (REITs) to find out more about it.

Aug 03, 2020  07:34:43

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