Property Management
In Louisiana property management, 'gross leasable area' (GLA) of a retail property refers to:
AThe total land area of the property
BThe total floor area designed for tenant occupancy, excluding common areas — the area on which rent is calculated✓ Correct
CThe total building footprint
DOnly the retail floor space on the ground level
Explanation
Gross Leasable Area (GLA) is the total floor area designed for tenant occupancy — it excludes common areas like lobbies, corridors, and mechanical rooms. GLA is the basis on which rent is calculated in retail and commercial leases.
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