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Take a Cue from the Biggest 2019 Fitness Trends Being Driven by Millennials

Studio growth has been driving, in part, by millennials, and by determining what they like about studios, traditional health club operators can get them through their doors, too. Fitness trends come and go, but one trend—the growth of boutique fitness studios—is continuing into 2019. The reason for studio growth can be laid, at least in part, at the feet of millennials. Millennials have an appetite for specialized fitness experiences that offer variety and energy and that feed into their sense of adventure. This is something boutiques offer. Millennials tend to bundle multiple fitness experiences as part of their “wellness wallet.” The brands and activities they take part in reflect their in

Lean, mean and growing - Franchises are fired up for the expansion

Fitness concepts are among the fastest-growing franchise categories 14,000 - the number of franchise businesses that were projected to have opened during 2018 Franchise businesses are eagerly filling small-shop space across the U.S. "The franchise sector is definitely very hot right now," said Joshua Weinkranz, president of the Northern region at Kimco Realty Corp. "The growth in franchise concepts over the last couple of years is greater than it's been in a long time, at least from the shopping center perspective." Projections say that nearly 14,000 franchise businesses will have opened in the U.S. by year-end 2018, across all categories, according to the Franchise Business Economic Outloo

Fitness boom proves healthy for centers, report finds

Millennials’ enthusiasm for fitness, beauty and wellness concepts is proving to be a boon for neighborhood shopping centers, according to a new report. The concept of “self-care” — a category encompassing activities connected to physical and mental welfare — has “caught on like wildfire,” says a report by Sara Martin, a vice president at Colliers who specializes in retail and land brokerage. “The trend is also affecting commercial real estate retail leasing in a big way.” Such tenants as Orangetheory Fitness offer membership packages that encourage multiple visits by clients The retail sector in the Minneapolis–St. Paul market, where Martin is based, “has seen a surge in the number of leases

Stadiums can ruin a city–but they can also save it

Throughout history, stadiums have been transformed into villages, shopping centers, and more. The next wave of stadiums could power cities. Stadiums are among the oldest forms of urban architecture: From Olympia to Rome, stadiums were at the center of Western cities, well before the great medieval cathedrals and the railroad stations of the industrial revolution. Today, however, stadiums are regarded with growing skepticism. Construction costs can soar above $1 billion, and stadiums finished for major events such as the Olympic Games or the FIFA World Cup have notably fallen into disuse and disrepair. But this need not be the case. History shows that stadiums can drive urban development and

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