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Retail Tenants That Drive Shopping Center Synergy

New demand from fitness center operators is proving to be positive for the success of the whole shopping center.

By Kelsi Maree Borland | kelsimareeborland | Updated on September 27, 2017

Alex Koustas Alex Koustas

The retail market is gaining tenants as fast as it is losing them. We have recently seen new demand from urgent care facilities for retail spaces, and now there is a new surge of fitness centers signing retail leases. Fitness operators—which includes a variety of classes, boxing gyms, yoga studios and the like—have strong revenues that allow them to pay premium rents and they help to create synergy in a shopping center by drawing health-driven tenants, whether restaurants, juice bars, athletic wear brands or health food stores. We sat down with Alex Koustas of The Agency for an exclusive interview to discuss the new trend.

GlobeSt.com: What is driving this new demand from fitness operators?

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