Gross Leasable Area

GLA: Gross Leasable Area in Commercial Real Estate

GLA: Gross Leasable Area in Commercial Real Estate

Gross leasable area, or GLA, is the amount of space in an a commercial building that can actually be rented by a tenant. In most cases, this includes any basements, mezzanines, or upper floors that a tenant can potentially utilize. Typically GLA is measured from the center of a wall or other partition that separates tenants (such as retail stores in a shopping mall), from the lease line in common areas, and fully takes into account any walls that are not shared with other tenants.