What does GLA stand for real estate?

What does GLA stand for real estate?

GROSS LETTABLE AREA EXPLAINED (GLA) The Gross Lettable Area (GLA) is determined by including everything within the external walls for single tenant GLA buildings.

What is GLA rent?

Gross leasable area, or GLA, is the amount of space in a commercial building that can actually be rented by a tenant. In most cases, this includes basements, mezzanines, or upper floors that a tenant can potentially utilize.

What is GLA REIT?

Definition of “Gross leasable area (GLA)” Building’s total floor area, in square feet, designed for tenant leasing. The GLA in normally calculated from the outside walls to any existing room partitions.

What is included in GLA?

GLA Measures Above Ground Living Areas The main rooms and bedrooms, hallways, bathrooms and kitchen footage is calculated to determine the gross living area. Finished attic space with a minimum of 5-foot walls and heat is calculated for GLA.

What does GLA mean in texting?

Summary of Key Points

Definition: Good Luck All
Type: Abbreviation
Guessability: 4: Difficult to guess
Typical Users: Adults and Teenagers

What is the difference between GLA and NLA?

Gross Lettable Area – GLA – for industrial buildings, showrooms and freestanding supermarkets. Net Lettable Area – NLA – which is used for office buildings and tenancies.

How do you calculate GLA?

GLA is defined by The Dictionary of Real Estate Appraisal as the “Total area of finished, above-grade residential space; calculation by measuring the outside perimeter of the structure and includes only finished, habitable, above-grade living space.

Is FFO the same as CFO?

Funds from operations (FFO) is a measure similar to cash flows from operations (CFO) which is used in valuation of real estate investment trusts.

What does GLA sq ft mean?

Gross Living Area
Gross Living Area (GLA) differs from the Gross Building Area (GBA.) Above-grade and below-grade, “finished” and “unfinished” are additional evaluations of square footage that appraisers take into account when assigning a value to a property.