Gross Leasable Area is defined as the total floor area designated for tenant occupancy and exclusive use, measured from the centerlines of joint partitions to outside of tenant walls.

Gross Leasable Area is defined as the total floor area designated for tenant occupancy and exclusive use, measured from the centerlines of joint partitions to outside of tenant walls.

• A. The area inside tenant walls excluding storage.
• B. The total floor area designated for tenant occupancy and exclusive use, measured from the centerlines of joint partitions to outside of tenant walls.
• C. The gross floor area of the entire building.
• D. The area of common tenant spaces.

Answer: (B)

Gross Leasable Area is the portion of a building that a landlord can lease to a tenant for occupancy and exclusive use. It includes the total floor area designated for that tenant, and the measurement is taken from the centerline of the partitions that separate tenants to the outside face of the tenant’s exterior walls. This boundary ensures the space counted is truly what the tenant may occupy and be charged for, excluding shared or common areas like lobbies and corridors. That’s why this definition fits exactly: it describes the space tied to a tenant’s occupancy and the standard way to measure it. Other options refer to different concepts—such as usable area inside walls, the entire building’s gross floor area, or areas shared by tenants—so they don’t capture the exclusive, leaseable space described by Gross Leasable Area.

Gross Leasable Area is the portion of a building that a landlord can lease to a tenant for occupancy and exclusive use. It includes the total floor area designated for that tenant, and the measurement is taken from the centerline of the partitions that separate tenants to the outside face of the tenant’s exterior walls. This boundary ensures the space counted is truly what the tenant may occupy and be charged for, excluding shared or common areas like lobbies and corridors. That’s why this definition fits exactly: it describes the space tied to a tenant’s occupancy and the standard way to measure it. Other options refer to different concepts—such as usable area inside walls, the entire building’s gross floor area, or areas shared by tenants—so they don’t capture the exclusive, leaseable space described by Gross Leasable Area.