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Business Definition for: gross leasable area

gross leasable area

total floor area of a building, usually measured from its outside walls.

See also net leasable area
gross leasable area

the floor area that can be used by tenants . Generally measured from the center of joint partitions to outside wall surfaces. Contrast net leasable area .

Example: Figure 95.

Of the 20,000 gross leasable square feet on each floor, approximately 25% is used for purposes of common use.

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