Gross Leasable Area (GLA) is a type of commercial space calculation. This calculation specifically measures rentable spaces in Bangkok’s commercial properties.
Examples include shopping malls and office buildings.
GLA differs from Net Leasable Area (NLA) by including common areas. NLA only accounts for spaces directly rentable to tenants, excluding hallways and restrooms, whereas GLA encompasses both rentable spaces and shared facilities like elevators and lobbies.
This distinction makes GLA a broader measure of rentable space.
Popular features of GLA include scalability, versatility, and visibility. Scalability allows tenants to adjust their rented space based on business needs, such as expansions in Central World Bangkok.
Versatility in GLA accommodates a range of business types, from retail stores in Siam Paragon to offices in The Metropolis Building. Visibility refers to the strategic placement of tenant spaces within the property to maximize customer foot traffic, as seen in Terminal 21 Bangkok.
Common features of GLA consist of accessibility, maintenance services, and security systems. Accessibility ensures ease of access for both customers and suppliers, like the direct BTS Skytrain connections to EmQuartier.
Maintenance services, including cleaning and repairs, ensure the property remains in prime condition, as managed in ICONSIAM. Security systems, ranging from surveillance cameras to security personnel, protect the premises and its occupants, exemplified by the measures in place at Central Embassy Bangkok.
Unusual features of GLA may include thematic zoning, technological integrations, and cultural attractions. Thematic zoning organizes spaces based on themes or industries, like the art and tech zones in Bangkok Art and Culture Centre.
Technological integrations, such as high-speed internet infrastructure, support modern business operations in True Digital Park. Cultural attractions, like traditional Thai markets within shopping malls, offer unique experiences in Asiatique The Riverfront.
Unique features of GLA encompass architectural innovations, environmental initiatives, and community engagement programs. Architectural innovations, seen in the wave-like façade of CentralPlaza WestGate, enhance aesthetic appeal and building functionality.
Environmental initiatives might involve water recycling systems for landscape irrigation, implemented in Mega Bangna. Community engagement programs, such as educational workshops and public events, foster a sense of community and draw additional visitors, as practiced in The Commons.
GLA’s inclusion of common areas and facilities, along with its blend of popular, common, unusual, and unique features, positions it distinctively against NLA and other space calculation methods. While NLA provides a straightforward assessment of rentable space, GLA offers a comprehensive view encompassing tenant benefits, property amenities, and community value, making it a multifaceted measure within Bangkok’s commercial real estate market.
For further details on terms mentioned here, please visit our glossary about Bangkok real estate.