Fitness tenants are driving retail leasing activity in Southern California. According to a new report from CBRE that looked at retail leasing activity, fitness tenants are among the top five retail users in Southern California, and they are expanding. This is a stark change from the activity from this retail segment in the past, when fitness centers were not considered a primary tenant. Today, fitness centers are occupying big boxes as well as smaller footprints and in some cases can even serve as anchors in shopping centers
Read MoreA network of climbing gyms will reach into more cities and locations in the coming years, bringing a new type of experiential retail to many parts of the country. As big-box retailers have struggled, fitness brands that offer experience rather than selling a product have been growing in recent years.
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