Gross Leasable Floor Area Definition

See also plot ratio.

Gross leasable floor area definition.

It includes everything accounted for in usable and rentable square feet along with building core elevator shafts and other areas of the building that are used for maintenance and operations. Commercial office floor area calculation methods. A fsr of 2 1 means that a floor area equal to twice the area of the site is allowable. Gross leasable area or gla is the area in a commercial property designed for the exclusive use of a tenant.

The floor area within the inside perimeter of the exterior walls of the building under consideration exclusive of vent shafts. Gross leasable area is usually measured from the center of the wall separating. Gross square feet also referred to as gross area simply refers to the total square footage of a building. Gross leasable area gla general generic term.

It is generally the floor area available for the exclusive use of a retail tenant measured to the outside face of exterior walls and the centerline of demising walls separating tenants. Gla typically includes mezzanines basements or upper floors but shared areas such as public bathrooms or maintenance areas. The result is known as floor space area fsa. Term used in retail leasing.

In the case of external building walls measuring from the dominant portion of the outside faces of walls of the building alignment. Taking measurements from the internal finished surfaces of permanent internal walls and the internal finished surfaces of dominant portions of the permanent outer building walls. Definitions of gfa including which areas are to be counted towards it and which areas aren t vary around the world. Funds from operations ffo united states terminology.

Floor space ratio fsr the amount of development that can be achieved on a site expressed as a ratio. The net lettable area of a building is the sum of its whole floor lettable areas. Gross lettable area is the floor space within a tenancy at each level using the following rules. The floor area ratio is the relationship between the total amount of usable floor area that a building has or has been permitted to have and the total area of the lot on which the building stands.

Gross floor area gfa in real estate is the total floor area inside the building envelope including the external walls and excluding the roof.