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GLA commercial property

GLA

GLA in CRE is an abbreviation for gross lettable area.

This is the amount of space in a commercial building that can actually be rented by a tenant.

It is normally expressed as square meters or square feet.

In most cases, this includes 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 from the lease line in common areas. It also fully takes into account any walls that are not shared with other tenants.

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