Definition: The floor area designed for a tenant's exclusive occupancy and use, measured under the standard adopted for the property type and lease.
Example
A shopping-center analysis compares rentable retail units using a consistent gross-leasable-area convention.
Keep the distinction clear
Gross leasable area and residential gross living area share the abbreviation GLA but describe different measurements. Common-area treatment must be checked.
Related terms
Keep studying
References: FREC Course II syllabus, Session 15
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