Kropfl: “Since big-box retailers have been going dark, these fitness brands are seeing opportunities to backfill vacant space.”
IRVINE, CA—Growth in the fitness segment of retail is indicative of a greater consumer trend that centers on living a healthy life in general as these fitness brands see opportunities to backfill vacant space, Avison Young principal Keith Kropfl tells GlobeSt.com. The firm recently negotiated four new Southern California leases totaling 157,000 square feet with 15-year terms on behalf of 24 Hour Fitness in the Orange County cities of Santa Ana, Huntington Beach and Fullerton, as well as one Riverside County lease in Riverside. We spoke exclusively with Kropfl about the gym/fitness sector, its impact on retail space and where this trend is heading.
GlobeSt.com: Why has the gym/fitness sector of retail become so strong recently?
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
