NEXUS Cites “Fitness” Leads Commercial Space, Serving Demand in Healthy Lifestyle
Commercial market is still rising over the past years. One of the most outstanding growth businesses is gym industry because people are more concern about their health. The current strategy that gym business use is to spread its operation to the further area as much as possible rather than operate one remarkable branch and down-sized. The area that gym operator focuses on is a shopping centre and office building.
Mr. Teerawit Limthingsakul, Managing Director of Nexus Real Estate Advisory (NEXUS), states that the overall commercial market continues improving, particularly for retail spaces in Central Retail District area – Siam, Ratchaprasong and Prompong. The average occupancy rate in the first half of 2019 was 95%. Food & Beverage sector is still a selling point for most shopping centres. In the meantime, a healthy lifestyle has become popular, not only for young generation but for everyone. So, it boosts up the growth rate in related businesses such as sportswear, sneakers, healthy food and, especially gym. Focusing on gym industry, we can see gym located in almost every building including condominiums, shopping centres and office buildings to fulfil needs and support a changing of lifestyle.
“Recently, gym operators have become magnets and anchors of retail spaces because they require large spaces and generate vitality to the building, so it spiralling up the demand for available spaces. Meanwhile, gym also creating more footfall in such buildings due to the customers come to gym at least 2-3 times a week,” said Mr. Teerawit.