NEWS
People will pay more to live near a great gym, according to research from Colliers
POSTED 09 Jul 2019 . BY Andy Knaggs
The G-Cubed gym and rooftop garden amenity space by SOM, built on top of a seven-story parking garage in Los Angeles Credit: Benny Chan/SOM
Landlords can start thinking creatively about the way gyms are incorporated into mixed use and residential developments
– Ross Kirton, Colliers International
Research from property experts at Colliers International suggests people are increasingly willing to pay more in rent or mortgage to live near their favourite gym.

The study of 3,000 people in the UK found that 72 per cent of those asked responded positively to this hypothetical situation, while 29 per cent said they'd be prepared to pay more in membership fees for a rooftop gym.

"Being close to good schools or transport links used to be the top priorities when buying a house, but now gyms are a key driver," said Ross Kirton, head of UK leisure agency at Colliers International.

"Investors and landlords now have the opportunity to start thinking creatively about the way gyms are incorporated into wider mixed-use and residential developments."

An example of this, the research identifies, is the partnership between Hero Fitness and Moda Living in Manchester, where a range of fitness and wellness services have been included in residential projects led by the developer.

Rooftop and skyline gyms have become popular elsewhere in the world, but are still to be exploited in the UK, says Colliers.

With both baby boomers and millennials increasingly looking to lead healthier lives, and allocating their disposable income accordingly, the Colliers report, Meet Me At The Bar: A Review of the UK Health and Fitness Market 2019 also considers the impact on the health and fitness market of social media, wearable technology, the growing social aspect of gyms, and concepts such as the Ministry of Sound Fitness, where the euphoria that previous generations sought through clubs and bars is now being sought through fitness.

The quest for fitness is becoming more experiential, and people are willing to pay more, travel further and potentially even move house to live close to their fitness facilities of choice. This is something Kirton believes developers and landlords should factor in to project planning.

"As such, the gym should be considered a key element of placemaking in new mixed-use and residential developments," he concludes.
Almost 30 per cent of respondents to Collier's research said they would pay more for a rooftop gym Credit: Benny Chan/SOM
The research suggests that gym goers are increasingly looking for their exercise to be experiential Credit: Benny Chan/SOM
 


CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - People will pay more to live near a great gym, according to research from Colliers...
26 Apr 2024 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

09 Jul 2019

People will pay more to live near a great gym, according to research from Colliers
BY Andy Knaggs

The G-Cubed gym and rooftop garden amenity space by SOM, built on top of a seven-story parking garage in Los Angeles

The G-Cubed gym and rooftop garden amenity space by SOM, built on top of a seven-story parking garage in Los Angeles
photo: Benny Chan/SOM

Research from property experts at Colliers International suggests people are increasingly willing to pay more in rent or mortgage to live near their favourite gym.

The study of 3,000 people in the UK found that 72 per cent of those asked responded positively to this hypothetical situation, while 29 per cent said they'd be prepared to pay more in membership fees for a rooftop gym.

"Being close to good schools or transport links used to be the top priorities when buying a house, but now gyms are a key driver," said Ross Kirton, head of UK leisure agency at Colliers International.

"Investors and landlords now have the opportunity to start thinking creatively about the way gyms are incorporated into wider mixed-use and residential developments."

An example of this, the research identifies, is the partnership between Hero Fitness and Moda Living in Manchester, where a range of fitness and wellness services have been included in residential projects led by the developer.

Rooftop and skyline gyms have become popular elsewhere in the world, but are still to be exploited in the UK, says Colliers.

With both baby boomers and millennials increasingly looking to lead healthier lives, and allocating their disposable income accordingly, the Colliers report, Meet Me At The Bar: A Review of the UK Health and Fitness Market 2019 also considers the impact on the health and fitness market of social media, wearable technology, the growing social aspect of gyms, and concepts such as the Ministry of Sound Fitness, where the euphoria that previous generations sought through clubs and bars is now being sought through fitness.

The quest for fitness is becoming more experiential, and people are willing to pay more, travel further and potentially even move house to live close to their fitness facilities of choice. This is something Kirton believes developers and landlords should factor in to project planning.

"As such, the gym should be considered a key element of placemaking in new mixed-use and residential developments," he concludes.



Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Kerzner to expand Siro portfolio with recovery-focused hotels in Los Cabos and Riyadh
Kerzner to expand Siro portfolio with recovery-focused hotels in Los Cabos and Riyadh   25 Apr 2024

Kerzner International has signed deals to operate two new Siro recovery hotels in Mexico and Saudi Arabia, following the launch of the inaugural Siro .... more>>
US spa industry hits record-breaking US$21.3 billion in revenue in 2023
US spa industry hits record-breaking US$21.3 billion in revenue in 2023   24 Apr 2024

The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in .... more>>
Immediate rewards can motivate people to exercise, finds new research
Immediate rewards can motivate people to exercise, finds new research   24 Apr 2024

Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity, according to new .... more>>
Shannon Malave appointed spa director at Mohonk Mountain House
Shannon Malave appointed spa director at Mohonk Mountain House   24 Apr 2024

Spa and wellness veteran Shannon Malave has been named spa director at iconic US spa destination Mohonk Mountain House. Based in New York’s verdant .... more>>
Six Senses unveils urban wellness retreat in Kyoto inspired by Japanese Zen culture
Six Senses unveils urban wellness retreat in Kyoto inspired by Japanese Zen culture   23 Apr 2024

Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection. .... more>>
RSG opens flagship John Reed in Berlin, as its builds out its 'world city' portfolio
RSG opens flagship John Reed in Berlin, as its builds out its 'world city' portfolio   23 Apr 2024

With the launch of its 49th John Reed, RSG Group is looking for more opportunities for its high-end brand in the US and Europe. Cosmopolitan cities .... more>>
Company profile


GLL

Our purpose is to improve the physical, mental and social wellbeing of local communities.

View full profile>>

Catalogue gallery


Featured Supplier

Elevate your spa business: master global standards and thrive in Saudi Arabia's tourism boom

Elevate your spa business: master global standards and thrive in Saudi Arabia's tourism boom

Discover how to prepare your spa or wellness facility for the influx of international guests and meet global standards as tourism in Saudi Arabia surges. More>>




in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources



Latest jobs

Jobs Search



Fitness Motivator and Personal Trainer
Location: Market Rasen
Company: Everyone Active
Recreation Assistant (Dry Site)
Salary: Competitive
Location: Market Rasen
Company: Everyone Active
Party Leader
Salary: Competitive
Location: Gainsborough
Company: Everyone Active
Diary dates
Powered by leisurediary.com




28-30 Apr 2024

Spa Life Scotland

Radisson Blu Hotel, Glasgow,







Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd