Skip to main content

4 Trends in Fitness Spaces Changing CRE Spaces


Gyms aren’t what they used to be. Driven by the latest trends and consumer demands, the fitness industry is undergoing some big changes. These new developments within the fitness space are also impacting commercial real estate as the physical assets need to adapt alongside the changing tenant needs.

Here are 4 trends in today’s world of fitness that are changing the way this business interacts with CRE.

The Era of Boutique Fitness

In recent years, the entire fitness industry has gotten more luxurious than it’s ever been before. Whether it’s the ultra-chic athletic wear, the popular ‘athleisure’ trend, or even workout tools and equipment; there’s been a noteworthy boost in both quality and style.

Contemporary fitness is glamorous. Consumers not only want to get fit, but they want to look good while doing it. Today’s fitness-oriented demographics are demanding Instagram-worthy fitness spaces to snap and share a lifestyle pic.

And with that, the era of boutique fitness has come - and experts expect it’s here to stay.

Commercial real estate’s fitness center tenants are looking to lease spaces that can offer their clientele exactly what they want in terms of style, amenities, and ambiance. The physical spaces that house these ultra-luxe fitness destinations need to be able to manifest a company's brand-culture goals into reality.

Fitness Spaces are Looking for New Locations

In the past, fitness spaces were most commonly housed in strip malls or out-of-the-way locations. But, that doesn’t quite cut it anymore.

Instead, boutique fitness brands are looking to bring their services to prime retail locations. Upscale malls and metro hubs are the targets of today’s fitness spaces, which is fueling lots of deals for CRE.

While big brands like SoulCycle are increasing their presence around the country, they’re grabbing up available retail or mixed-use assets that can fit their needs. In many cases, these brands are looking to develop these space’s interiors to accommodate a wider range of fitness class types. That means big open floor plans, tons of windows letting in natural lighting, and great bathroom facilities.

Outdoor Spaces are in Hot Demand

Another trend that’s spearheading the fitness industry is outdoor add-ons. Many brands are looking to bring their classes out into nature - especially for modalities like yoga that don’t require much equipment.

This means that fitness tenants will be on the hunt for commercial assets that have courtyards, rooftops, and other outdoor attachments that can be developed into a new studio space. Professionals who are looking to attract fitness companies to their commercial portfolios should consider ways to extend the property outdoors.

Fuel Up with Healthy Foods

Today’s fitness brands are not just about working out. They put a heavy focus on holistic wellness which undoubtedly extends into the realm of healthy foods. Many fitness brands are interested in incorporating small cafes or smoothie and juice bars that serve a menu full of fresh superfoods to class-attendees.

Commercial spaces that can deliver this in-house dining option will be in hot demand, so consider adding it to your CRE strategies.

Keep your eyes on these 4 trends that are remodeling commercial real estate’s fitness spaces.

Comments

Post a Comment

Popular posts from this blog

4 CRE Trends We Can Attribute to Millennials

Today’s workforce is undergoing a major shift in population. As of 2017, 56 million Millennials are either working or actively searching for work , making them the largest segment of the U.S. labor force, surpassing Gen Xers in 2016 and this will eventually lead to an impact of office space needs and what companies are looking for with new office leases.   More than one out of every three American workers is a Millennial -- more than Gen Xers and much more than Baby Boomers. And, just as every other generation that came before them, Millennials pride themselves on marching to the beat of their own drum, if you will -- wearing different clothes, listening to different music, and working differently. The very idea of where and how we work is undergoing a revolution right now, with major changes being made in physical design and decor. Here’s a closer look at 4 CRE trends we can attribute to millennials… 1. Millennials prefer non-traditional workspaces   ...
Post a Comment
Read more

NAI Emory Hill Sells Wilmington Shopping Center

  Wilmington, DE – NAI Emory Hill ( www.naiemoryhill.com ) is pleased to announce the sale of a 8,710 square foot shopping center located at 2308 Concord Pike in Wilmington, DE to The Wittig Family at DSM Commercial. Dave Morrison and Jim O’Hara Jr., of NAI Emory Hill, represented the purchaser and Seller in this transaction. This retail center is anchored by Mattress Firm, Green Drop and China Inn. The center is strategically located at the intersection of Sharpley Road and offers a great retail location along the busy Route 202 corridor. NAI Emory Hill is a completely full-service commercial and residential real estate firm serving Delaware and the surrounding counties of Maryland, New Jersey and Pennsylvania. Founded in 1981, we have the resources to design, build, finance, lease, sell, manage and maintain commercial and residential properties throughout the Mid-Atlantic . Learn more about our services at: www.propertymanagementdelaware.com www.emoryhillhomes.com
Post a Comment
Read more

PropTech 101: What CRE Professionals Should Know

Everyone in the CRE biz has doubtlessly heard the term proptech getting thrown around. Whether it’s been in article headlines, on the web, or during business conversations; ‘proptech’ has officially integrated into the commercial real estate vocabulary. Unfortunately, there isn’t always an on-hand dictionary available to help novices decode the latest and greatest CRE lingo. While proptech popularity has surely skyrocketed during 2019, some of us still may be confused as to what exactly proptech is. We’re happy to clear up the confusion; covering what proptech actually is and why CRE professionals should care. PropTech Explained The moment you’ve been waiting for is here… when you finally get a concise definition of the term PropTech. According to real estate technology experts at Forbes , proptech is ‘the acronym used to describe any technology for the real estate space.’ If that’s not clear enough, here’s another universally-accepted explanation devel...
Post a Comment
Read more