Gross Lettable Area (GLA) is the total floor area of a property that is available to be rented out to tenants. It is calculated by measuring the entire interior space of a property, including all common areas, such as hallways, stairwells, and lifts.
GLA is an important metric for property
investors because it is used to calculate the rental income that a property can generate. The higher the GLA, the more rent a property can command, which can lead to higher returns on
investment.
GLA can also be used to compare the value of different properties. Properties with a higher GLA are generally worth more than properties with a lower GLA. This is because properties with a higher GLA have the potential to generate more rental
income.