Gross Leasable Area

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What is Building Efficiency Ratio in Real Estate?

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What is Building Efficiency Ratio in Real Estate?

Building efficiency ratio represents the share of net rentable square feet of a building that is occupied by the common areas and other un-rentable space.

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Merchant Builders in Commercial Real Estate: Definition & Explanation

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Merchant Builders in Commercial Real Estate: Definition & Explanation

Merchant builders are commercial real estate developers who build properties and sell them in a short time frame. Merchant builders develop properties in all asset classes, including multifamily and single-family homes.

Floor Plate in Commercial Real Estate: Definition & Explanation

Floor Plate in Commercial Real Estate: Definition & Explanation

Floor plate is a term that indicates the amount of square footage that can be leased on each floor of a commercial building. Due to structural considerations, in high-rise buildings, floor plates on lower stories are typically larger than floor plates on higher stories.

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What is GLA: Gross Leasable Area in Real Estate?

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What is GLA: Gross Leasable Area in Real Estate?

GLA, or gross leasable area, or GLA, is the part of a commercial or multifamily building that is designated for use by the tenant alone.

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