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Gross leasable area (GLA) is the amount of floor space available to be rented in a commercial property. Specifically, gross leasable area is the total floor area designed for tenant occupancy and exclusive use, including any basements, mezzanines, or upper floors. It is typically expressed in square metres (although in some places such as the ...
A neighborhood shopping center (Commonwealth English: neighbourhood shopping centre) is an industry term in the United States for a shopping center with 30,000 to 125,000 square feet (2,800 to 11,600 m 2) of gross leasable area, typically anchored by a supermarket and/or large drugstore. [2]
A gross lease is a type of commercial lease where the tenant pays a flat rental amount, and the landlord pays for all operating expenses regularly incurred by the ownership, including taxes, electricity and water. [1] Most [weasel words] apartment leases resemble gross leases. [2] The term "gross lease" is distinguished from the term "net lease."
According to the International Council of Shopping Centers it is over 800,000 sq ft (74,000 m 2) of gross leasable area. These have three or more anchors, mass and varied merchant trade and serves as the dominant venue for the region (25 miles or 40 km) in which it is located.
A power center [1] [2] or big-box center (known in Canadian and Commonwealth English as power centre or big-box centre) is a shopping center with typically 250,000 to 600,000 square feet (23,000 to 56,000 m 2) of gross leasable area [2] that usually contains three or more big box anchor tenants and various smaller retailers, [1] where the ...
The International Council of Shopping Centers, based in New York City, classifies two types of shopping centers as malls: regional malls and super regional malls.A regional mall, per the International Council of Shopping Centers, is a shopping mall with 400,000 sq ft (37,000 m 2) to 800,000 sq ft (74,000 m 2) gross leasable area with at least two anchor stores. [8]
Community shopping centers are defined by the ICSC (International Council of Shopping Centers) as shopping centers with a gross leasable area of 125,000 to 400,000 square feet (11,600 to 37,200 m 2) (U.S.) 100,000 to 400,000 square feet (9,300 to 37,200 m 2) (Canada) with general merchandise or convenience- oriented offerings.
The International Council of Shopping Centers makes the presence of anchors one of the main defining characteristics of the two largest categories of centres, the regional center with 400,000 to 800,000 square feet (74,000 m 2) in gross leasable area, and the superregional center with more than 800,000 square feet (74,000 m 2) of space.