Gross leasable area in the context of "Power center (retail)"

Play Trivia Questions online!

or

Skip to study material about Gross leasable area in the context of "Power center (retail)"

Ad spacer

⭐ Core Definition: Gross leasable area

In architecture, construction, and real estate, floor area, floor space, or floorspace is the area (measured in square metres or square feet) taken up by a building or part of it. The ways of defining "floor area" depend on what factors of the building should or should not be included, such as external walls, internal walls, corridors, lift shafts, stairs, etc. Generally there are three major differences in measuring floor area.

  • Gross floor area (GFA) - The total floor area contained within the building measured to the external face of the external walls.
  • Gross internal area (GIA) - The floor area contained within the building measured to the internal face of the external walls.
  • Net internal area (NIA) (or Net floor area NFA, or Usable floor area UFA) - The NIA is the GIA less the floor areas taken up by lobbies, enclosed machinery rooms on the roof, stairs and escalators, mechanical and electrical services, lifts, columns, toilet areas (other than in domestic property), ducts, and risers.
↓ Menu

>>>PUT SHARE BUTTONS HERE<<<

👉 Gross leasable area in the context of Power center (retail)

A power center or big-box center (known in Canadian and Commonwealth English as power centre or big-box centre) is a shopping center with typically 250,000 to 600,000 square feet (23,000 to 56,000 m) of gross leasable area that usually contains three or more big box anchor tenants and various smaller retailers, where the anchors occupy 75–90% of the total area.

↓ Explore More Topics
In this Dossier

Gross leasable area in the context of Westfield Stratford City

Westfield Stratford City is a shopping centre in Stratford, East London, which opened on 13 September 2011. With a total retail floor area of 1,910,000 square feet (177,000 m), it is the largest urban shopping centre in the UK by land area and the 4th-largest shopping centre in the UK by retail space, behind Westfield London (White City), the MetroCentre, and the Trafford Centre.

Originally fully owned by the Westfield Group, in November 2010 ABP Pension Fund and CPP Investment Board each purchased a 25% shareholding, with Westfield retaining 50%. Westfield's holding is now owned by Unibail-Rodamco-Westfield following Unibail-Rodamco's acquisition of Westfield Corporation in 2018.

↑ Return to Menu

Gross leasable area in the context of New South China Mall

South China Mall (Chinese: 华南Mall; pinyin: Huá nán) in Dongguan, China (formerly New South China Mall) is the fifth largest shopping mall in the world in both gross leasable area and total area.

South China Mall opened in 2005. For more than 10 years, it was mostly vacant as few merchants ever signed up, leading it to be dubbed a dead mall. In 2015, a CNN story reported that large parts of the mall were "full of shops, restaurants and entertainment venues" after extensive renovations and remodeling, though large portions of the mall still remained vacant. But CNN also added that most of the unoccupied units, in addition to halls and walkways, were still under renovation.

↑ Return to Menu

Gross leasable area in the context of West Edmonton Mall

West Edmonton Mall (WEM) is a large shopping mall in Edmonton, Alberta, Canada, that is owned, managed, and operated by Triple Five Group. It is the second most visited mall in Canada, after the Toronto Eaton Centre in Toronto, followed by Metropolis at Metrotown in Burnaby, and the 29th largest in the world (tied with Fashion Island and the Dubai Mall) by gross leasable area. It is the second largest shopping mall, by square footage, in North America behind the Mall of America in Bloomington, Minnesota. Mall of America encompasses 520,000 m (5.6 million square feet) and West Edmonton Mall encompasses 490,000 m (5.3 million square feet). By store count, West Edmonton Mall is the highest in the Western Hemisphere as it currently counts over 800 occupants, in comparison to Mall of America's 520 occupants. The mall was founded by the Ghermezian brothers, who emigrated from Iran in 1959. The mall's major anchor stores are London Drugs, Marshalls, Simons, The Brick, Winners/HomeSense and West Edmonton Mall Toyota.

West Edmonton Mall has over 800 stores and services including nine attractions, two hotels and over 100 dining venues in the complex, and parking for more than 20,000 vehicles. More than 24,000 people are employed at the property. The mall receives about 32 million visitors per year; it attracts between 90,000 and 200,000 shoppers daily, depending on the day and season. Recent tenants at the mall include L.L.Bean, Balenciaga, Nike Factory Store, Psycho Bunny, Moncler, Jo Malone London, Columbia Sportswear and Chick-fil-A.

↑ Return to Menu

Gross leasable area in the context of Neighborhood shopping center

A neighborhood shopping center (Commonwealth English: neighbourhood shopping centre) is an industry term in the United States for a shopping center with 30,000 to 125,000 square feet (2,800 to 11,600 m) of gross leasable area, typically anchored by a supermarket and/or large drugstore.

↑ Return to Menu

Gross leasable area in the context of South Park Mall (Moline, Illinois)

SouthPark Mall is a shopping mall located in Moline, Illinois. As Moline is part of the Quad Cities of Illinois and Iowa, the mall serves the population of these cities. The mall is located southwest of the intersection of Interstate 74 and Illinois Route 5 (John Deere Road) at 4500 16th Street. SouthPark Mall is one of two regional malls in the Quad Cities area, the other being NorthPark Mall in Davenport, Iowa.

The current owner and operator is Kohan. The mall had been operated by the Simon Property Group, Inc., from 1998 to 2011. Macerich from 2012 to 2025. Before 1998, General Growth Properties managed and owned the property. The mall's anchor stores are Dillard's, Dick's Sporting Goods, JCPenney, Von Maur, and Ashley HomeStore. The one-level mall has over 60 stores and a gross leasable area of 825,000 square feet.

↑ Return to Menu