Budget gym boom in London leads to surge in rent charges | Leisure Opportunities
Job Search
see all jobs
Latest job opportunities
Simply Leisure Ltd
£30k OTE circa £40k
Southend-on-Sea, United Kingdom
Dormy House
Competitive
Broadway, Worcestershire, United Kingdom
Finesse Leisure Partnership
£18,571.00
Hatfield, United Kingdom
Legacy Leisure
£18,000
Newbury, United Kingdom
Bedruthan - The Scarlet
£20,696
Mawgan Porth, Cornwall, United Kingdom

Budget gym boom in London leads to surge in rent charges

Job opportunities
Simply Leisure Ltd
£30k OTE circa £40k
location: Southend-on-Sea, United Kingdom
Hertfordshire Sports Village
Competitive
location: Hatfield, United Kingdom
Successful UK-wide leisure business
Up to £40,000 (OTE £60,000) plus lots of great benefits
location: South West, United Kingdom
more jobs

Budget gym operators with premises in Central London are paying 19 per cent more rent than mid-market rivals, according to a Colliers International report.

Dan Taylor, the firm’s head of retail lease advisory, attributed the disparity (£2.50 per sq m) to the increase in demand from the budget sector – such as Gym Group and Pure Gym – which are opening sites with more regularity.

Indeed, the number of low-cost gyms opening in London surged by 46 per cent in 2016 alone.

Colliers head of UK leisure agency Ross Kirton explained: “Once the preserve of regional towns and cities, budget gym operators have cast aside concerns of rent affordability in London and are catering to the large number of customers who are keen to swap expensive monthly memberships in favour of no-frill concepts.”

The Central London Gym Review report also discovered a number of areas within Central London that are primed for gym investment.

Farringdon, Clerkenwell, Shoreditch, Aldgate and Victoria have been identified by Colliers as the areas of most potential.

The former, said the report, has the potential to support at least 10 additional full gyms or 20 studios “based on the current ratio of 56,000 workers per gym in 2016”.

Central London itself could support 30 new gyms (26 per cent growth) following the 21 per cent growth experienced last year.

“It is pleasing to note that there is scope for many more gyms in the capital given the number of exciting new concepts keen to take representation,” Kirton added.

“London has been dominated by the mid-market sector for a number of years, but landlords and consumers are now finally able to benefit from unique offers giving genuine choice.”

Sign up for FREE ezines & magazines
Budget gym operators with premises in Central London are paying 19 per cent more rent than mid-market rivals, according to a Colliers International report.
HAF
There is still scope to launch 30 more gyms in Central London, according to the report / srekap/Shutterstock.com
employer of choice
John Treharne, CEO, The Gym Group
Would you like to work for a gym operator that allows you to develop and use your skills to the full whilst being well rewarded? The Gym is totally committed to allowing 'the manager to manage' and rewarding our key personnel for delivery.