Our goal is to help answer some questions we frequently receive regarding building size and provide some explanations of industry acronyms.The American National Standard Institute (ANSI) is a non-profit, private organization that has a mission to facilitate standards throughout many various industries. The main difference between GLA … Basements may be included in this calculation if the appraiser determines that the finished, access, and utility are similar to the above grade areas of the building. GLA is defined by The Dictionary of Real Estate Appraisal as the “Total area of finished, above-grade residential space; calculation by measuring the outside perimeter of the structure and includes only finished, habitable, above-grade living space. Net rentable area is actual square footage of a building that may be leased or rented to tenants; the area upon which the lease or rental payments are computed. Definition of "Gross leasable area (GLA)" Mike & Kathy Ballard, Real Estate Agent AREA ONE REALTY, LLC Building's total floor area, in square feet, designed for tenant leasing. GLA is defined by The Dictionary of Real Estate Appraisal as the “Total area of finished, above-grade residential space; calculated by measuring the outside perimeter of the structure and includes only finished, habitable, above-grade living space. We take the appraisal process from ordinary to extraordinary. Additionally, a consistent measuring method can reduce liability for parties involved in a residential purchase transaction. Often clients or appraisers will ask for opinions about building size; they may have concerns about the property being measured correctly or they may not be familiar with what area is included in the calculations provided. These terms are usually used in appraisals non residential space. The licensed appraisal review team, with over 20 years’ experience, have seen appraisals on almost every property type.

Specifically, gross leasable area is the total floor area designed for tenant occupancy and exclusive use, including any basements , mezzanines , or upper floors. Under that mission, ANSI has created national standards for single family residential measurements in the appraisal industry.Under ANSI standards, Gross Living Area (GLA) is the term used in most residential appraisal reports. Local practices may differ under some circumstances).” The appraisal industry relies on these standards in order to ensure appraisers are comparing apples to apples when measuring and valuing a property. Gross building area typically includes all heated and cooled areas. Since commercial buildings are commonly traded for business occupancy or rental income, the industry accepted measurement unit is Gross Building Area (GBA). GBA and GLA have to do with gross leasable or sellable space.

We offer a  full array of commercial and residential appraisal products and services. Additionally, a consistent measuring method can reduce liability for parties involved in a residential purchase transaction.

Gross leasable area (GLA) is the amount of floor space available to be rented in a commercial property. If any portion of the improvements is below-grade, regardless of quality or the presence of windows, it should not typically be included in the GLA, but would be accounted for in the basement & finished rooms and below grade on the sales comparison appraisal grid.Commercial buildings square footage is not typically calculated by ANSI standards.

(Finished basements and attic areas are … If any portion of the improvements is below-grade, regardless of quality or the presence of windows, it would not be included in the GLA, but would be accounted for in the basement & finished rooms and below grade of the sales comparison grid.Commercial appraisals are not typically held to ANSI standards. It usually excludes common areas, elevator shafts, stairways, and space devoted to cooling, heating, or other equipment. The GLA in normally calculated from the outside walls to any existing room partitions. Since commercial buildings are commonly traded for business occupancy or rental income, the industry accepted measurement unit is Gross Building Area (GBA). Under ANSI standards, Gross Living Area (GLA) is the term used in most residential appraisal reports.

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