Gross Leasable

**Gross Leasable**

Gross Leasable Area (GLA) refers to the total floor space available for tenant occupancy and exclusive use in a commercial property, such as a shopping center or office building. It includes all areas that can be rented out but excludes common areas like hallways, lobbies, and restrooms. Understanding the concept of Gross Leasable Area is essential for landlords, tenants, and real estate professionals to determine rental rates, property valuation, and lease agreements.