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Influx of health clubs helps shopping centers as traditional tenants pull back

from The Wall Street Journal

Vacancy-plagued shopping centers in the U.S. are getting a lift from tenants who deal in sweat rather than typical retail goods. Health clubs and gyms accounted for 8.8 percent of new leases signed so far this year by retail chains in the U.S., compared with 7.9 percent at the same point last year, according to real-estate research company CoStar Inc. The rush into shopping centers has helped fuel a 57 percent increase in square footage occupied by U.S. health clubs since 2007, to more than 70 million square feet. more

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