The Fitness Trend: Getting Real Estate In Shape

Justin Myers, senior managing director and principal at Lee & Associates NYC/ photo courtesy of Lee & Associates NYC

NEW YORK CITY—One doesn’t have to be a real estate expert to have noticed the fitness trend that has taken New York City, and the nation, by storm. In addition to the big box gyms that have always existed as well as the new crop of boutique fitness studios that are taking over the market, there are now services such as ClassPass Live that mean those wanting to work out don’t even need to leave their homes. Such trends indicate the vast range of options for today’s fitness consumer. As a former professional soccer player, I have a special interest and experience in the intersection of fitness and real estate.

As an office tenant representation specialist, I am well aware of how important it is for tenants to have high-quality, nearby health and fitness options. In a move away from standalone fitness being the only choice for consumers, numerous workplaces and residential buildings are being outfitted with gyms, many of which offer boutique classes. Even the Empire State Building has been updated to incorporate an in-house fitness center.