commercial property

Gym Leases: Four Surprising Reasons Landlords Love Fitness Today.

Don’t let your gym’s size get in the way of negotiating a great gym lease — you’ve got more power than you think. Gyms are the darling of commercial real estate these days and here are four reasons why Four reasons landlords prefer gym leases 1. Gym clients stick around. Gym goers are known for something in the industry called “stickiness.” This odd word is the amount of time a person stays in the retail plaza after visiting (in this case) the gym. While in the plaza, gym goers frequently stop for a refreshment, socialize with friends or finish errands. According to Creditntell, [...]

Should I Lease or Buy My First Gym Property?

This is a question all new gym owners ask themselves. In the last month, we’ve brought you expert answers to many questions about the actual leasing process – conversations to have before signing your gym lease, how to find property, and the details behind specific leases – Triple Net and Full Service Leases. Now it’s time to decide if it is in your best interest to rent a location or buy that real estate. To explore this topic, we turned to Kelly Morgan, owner of MorGainz Fitness, a four-location Pennsylvania enterprise. Morgan and her husband David leased their first and second gym locations, starting in 2012, [...]