Gross Leasable Area (GLA) is a key metric in commercial real estate that represents the total floor area designed for tenant occupancy and exclusive use, usually measured from the centerline of shared walls and to the outer surface of exterior walls.
Gross Leasable Area (GLA) refers to the total floor area of a building that can be used by tenants, including all areas that are used by tenants and the communal spaces shared by tenants. It is measured from the center of joint partitions to the exterior surfaces of outside walls.
Parking ratio refers to the number of parking spaces provided per 1,000 square feet of gross leasable area (GLA) in a property, ensuring adequate parking for tenants and visitors.
A Super Regional Center Shopping Center is a large-scale shopping center that exceeds the size and variety of regional malls, often featuring multiple full-line department stores and abundant gross leasable area.
Usable area refers to the occupiable part of an office or building floor, generally measured from paint to paint inside the permanent walls and to the middle of partitions separating one tenant’s space from that of other tenants on the same floor. Interior beams and columns are not deducted in this measurement.
