While the real estate market cools down from ‘red hot’ to ‘still over-priced’ in various parts of the country, there exists one area in which real estate remains as precious a commodity as ever. It’s one where people battle for every square inch, certain neighborhoods never lose their value and ownership in some areas gets flipped countless times a day.
I’m speaking, of course, about the gym.
By its very nature, real estate (i.e. space) within a gym is highly valuable. The bigger a gym, the more machines an owner can install and the more members they can service. With hundreds of thousands of pounds in bulky machines, equipment and weights needing a home, you rarely see a gym with underutilized space. No matter what the square footage, open areas, like those often used for stretching, core work or free weights, are like the rain forest — rare and rapidly shrinking in size. Why leave a space needlessly unoccupied when you can fit another treadmill or a roman chair there?