There are 23% more gyms in retail centers than there were in 2010Anchor Admin October 21, 2019
Traditional tenants in retail centers once scoffed at having gyms in their midst for all the parking spaces they took up. No more.
JLL’s research team examined 6,000-plus fitness center move-ins dating back to 2013 and learned that 111,055 fitness centers currently reside in retail centers, an increase of 23.5% since 2010. It predicted the continued growth of this segment to more than 120,000 locations by 2024.
The types and sizes of gyms continue to proliferate, according to JLL’s report, “Fitness Invigorates Shopping Centers.”
Grocery-anchored neighborhood centers continue to be the favored location for gyms. Four out of 10 are located in the necessity-based retail environment. Fitness is rapidly moving out of strip centers. Just five years ago they housed more than 12% of gym, a percentage that has now fallen below 8%.
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