search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
MEET ME AT THE BAR A REVIEW OF THE UK HEALTH AND FITNESS MARKET


INCREASING MONTHLY SPEND


According to Colliers’ research, the trend towards higher monthly gym spend is already taking off as people spend, on average, £41.05 on gym membership per month, and only £39.55 on drinking in bars, pubs and nightclubs. The survey also revealed that people spend, on average, a total of £33.39 per month while at the gym – and a further £37.09 per month outside the gym – on protein food, health drinks and meal plans. Moreover, respondents said they only spend £56.10 per month on dining out – 22% less than the £70.48 people spend on healthy food and drinks per month. This further demonstrates the shift towards increased spend on a healthier lifestyle and better wellbeing.


THE FUTURE OF THE UK’S GYM MARKET


Colliers predicts that both traditional and studio gyms will continue to expand across the UK in the coming years. Mintel suggests that current gym penetration levels sit at 15%, indicating there is plenty of scope for the sector to grow.


Colliers predicts that both traditional and studio gyms will continue to expand across the UK in the coming years.


With this in mind, developers and landlords now have a real opportunity to start thinking creatively about the way gyms are incorporated into wider residential, office and mixed-use developments. Space provision for health


and fitness uses will need to be carefully considered at the outset in a scheme’s design and placemaking stage, although voids left by high street retail or restaurant store closures will also lead to space being retrofitted to accommodate gym conversions.


As the gym market now occupies its strongest position ever in the UK’s alternative leisure market, occupiers will have to be more flexible about their requirements as space becomes scarcer. With the rising popularity of group exercise, we could begin to see more split-level facilities or facilities making better use of underutilised space in basements and on rooftops.


Colliers predicts the outlook for the UK’s gym market will undergo further consolidation and an increased number of mergers and acquisitions as the sector matures. Modest rental growth will continue across the UK, with particular pockets, such as London and the South East, experiencing higher levels of growth. Meanwhile, it is expected that there will be greater investment in the sector as covenants mature and investors look for greater diversity and longer term secure income.


Overall, the future of the UK’s gym market looks bright and, with gyms possessing the potential to not only drive footfall, but also to positively affect house prices and rents, investors and landlords have never been better placed to take advantage of this growing market.


18


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20