- Ken Terzian
- June 25, 2012
The GLA in the chart is a measured data entry. Common Area is a measured data entry. Non-leasable area is a calcuation (-F-G-H) of the remainder of Retail EGA minus GLA and Common. By definition, nonleaseable area should be excluded from GLA, but the chart doesn't calculate it to be excluded.
How is GLA to be adjusted to exclude nonleasable and include some prorated portion of Common Area?
- David Fingret
- Extreme Measures Inc.
- July 2, 2012
It's a semantic issue in the Retail Standard. Common Area is literally non-leasable, but the standard defines non-leasable as space that cannot be used for common area purposes. The standard requires common area to be documented, but it does not provide a means to charge or pro-rate for it.
The chart does exclude non-leasable from GLA. The way it is calculated can seem backwards, but its purpose is meant to promote consistency and accuracy and to standardize the way that plines are drawn in CAD files, etc.