There are 23% more gyms in retail centers than there were in 2010

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 continued growth of this segment to more than 120,000 locations by 2024.

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RSK: Almost as many as Sub Shops.

Ken Notes: gyms, like co-working and apartments are all using the same formula. Spread the costs among many customers. It is always easier for one hundred to pay the rent that it is for one...