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5 Essential Questions to Ask Before You Sign a Gym Lease

Your friends and family have been suggesting it for years, your coworkers have seen you doodling names and logos during meetings, and even your rabbi has given you his blessing - so you bite the bullet and decide to finally open your own gym.

 

It’s an exciting endeavor and while you will want to focus on all the fun stuff - like picking out equipment - you have to remember it is a business and there are key financial decisions that will have a huge impact on your bottom line. One of the most important, but rarely discussed, is the negotiation of your lease. And though many of us have rented apartments and houses, a commercial lease is a totally different beast.



Jeremy Striffler is a market analyst for Cushman & Wakefield/NorthMarq and a member of their retail advisory practice based in Minneapolis, Minnesota. He provides consulting services to retail restate owners and investors. His clients include Mutual of Omaha, Securian Financial Group, and Thrivent Financial. He is also an active member of the Urban Land Institute and the Minnesota Shopping Center Association. Prior to his current role, he served in a marketing role for the Retail Division...Read more