Could gyms become obsolete?

I'm a fitness lover, and going to the gym is a necessity for me. According to this article, the number of people going to gyms and getting memberships is decreasing. People are opting to just exercise at home and follow along with videos. While I personally use videos at home in addition to going to the gym, I'm surprised that people opt to use only videos. Do you guys think that gyms may lose popularity? How do you prefer to work out, and is it working for you?

 

100% about the focus. It is nice to be able to leave home in order to work out. I think we will see fewer chains as time goes on, but they will never phase out completely.

Only two sources I trust, Glenn Beck and singing woodland creatures.
 

More outdoor activities such as backpacking, hiking and underwater basket-weaving are becoming 'hip'. I personally would have to spend $1000's to get similar gym equipment, therefore I will continue to use the gym and play pickup games etc.

26 Broadway where's your sense of humor?
 

I used to be big into lifting and got up to 245 lbs. I also have some back/imbalance issues that this accentuated, so I stopped eventually. Been maintaining a lean ~165 lbs for a while. I’m very glad I stopped. It was taking up way too much of my time and energy and just isn’t healthy. I’m all about living a long, healthy, and accomplished life now. I just do bodyweight exercises. I have a pull day (pullup/chin variations), push (dips/handstand pushups), and core (reverse hyperextensions, hanging leg raises, ab wheel). All once a week. So 3 strength sessions a week.

My workouts take 30 min tops and I do them at home. I also have a sprint day (running, swimming, or rowing) and I might go on a 30-45 min jog if I’m feeling like it on an off day. I try to walk for at least an hour a day. This is usually my lunch (I eat once a day in the evening).

I have recently gotten a gym membership. My wife is a gym person and she’s also a teacher, so we get a big discount. We got 2 years of Xsport for $500 for the two of us. My strength days are Mon/Wed/Fri, so on a weekend I’ll either go for a jog at the park or I’ll go to the gym with her and do a sprint workout on the row machine or swim in the pool. I also like the sauna a lot and it’s great for you. My grandpa is 87 and swims & saunas daily. Drinks vodka like a fish. Might do some weights at the gym rarely just to fuck around. I got into kettlebells for a while, but it started to fuck with my back. Kettlebell swings are an amazing exercise though.

My diet is paleo/primal 90% of the time. My wife likes to go out to eat and shit, so we do that sometimes. I don’t really give a shit that much. I’d rather stay home most days. My vice is drinking. I’m moving more and more away from it though. Life is getting better and better and I feel less desire to drink. I’m only 24, but I’ll be out of it for like 3 fucking days after a night of drinking. Less and less worth it. I drink maybe every 10 days or so.

heister: Look at all these wannabe richies hating on an expensive salad. https://arthuxtable.com/
 

Post was a bit excessive but I'm with you. I like to maintain fitness but found it pointless to let gym lifestyle (gains, shakes, schedule etc) take up most of my time.

It's best to go gym if you have time. If not, you can just do a session at home..... If you're someone who focuses on bodyweight exercises that is.

Absolute truths don't exist... celebrated opinions do.
 

Because I met the girl I want to build a life with. What a dumb question. Are you gonna pull some, 'Every 20-something is an idiot and you're gonna get a divorce and you should get out there and have lots of sex' line? Look through my post history. I know single life very well. I've done a lot of living in my 24 years. I'm tired of going out. And I feel neutral at best about almost everyone I meet. I found someone who I share pretty much all of my values with, yet who counters my very distinct personality in all the right places. It's going great. Why would I not be married at 24?

heister: Look at all these wannabe richies hating on an expensive salad. https://arthuxtable.com/
 
GoldenCinderblock:

I used to be big into lifting and got up to 245 lbs. I also have some back/imbalance issues that this accentuated, so I stopped eventually. Been maintaining a lean ~165 lbs for a while. I'm very glad I stopped. It was taking up way too much of my time and energy and just isn't healthy. I'm all about living a long, healthy, and accomplished life now. I just do bodyweight exercises. I have a pull day (pullup/chin variations), push (dips/handstand pushups), and core (reverse hyperextensions, hanging leg raises, ab wheel). All once a week. So 3 strength sessions a week.

My workouts take 30 min tops and I do them at home. I also have a sprint day (running, swimming, or rowing) and I might go on a 30-45 min jog if I'm feeling like it on an off day. I try to walk for at least an hour a day. This is usually my lunch (I eat once a day in the evening).

I have recently gotten a gym membership. My wife is a gym person and she's also a teacher, so we get a big discount. We got 2 years of Xsport for $500 for the two of us. My strength days are Mon/Wed/Fri, so on a weekend I'll either go for a jog at the park or I'll go to the gym with her and do a sprint workout on the row machine or swim in the pool. I also like the sauna a lot and it's great for you. My grandpa is 87 and swims & saunas daily. Drinks vodka like a fish. Might do some weights at the gym rarely just to fuck around. I got into kettlebells for a while, but it started to fuck with my back. Kettlebell swings are an amazing exercise though.

My diet is paleo/primal 90% of the time. My wife likes to go out to eat and shit, so we do that sometimes. I don't really give a shit that much. I'd rather stay home most days. My vice is drinking. I'm moving more and more away from it though. Life is getting better and better and I feel less desire to drink. I'm only 24, but I'll be out of it for like 3 fucking days after a night of drinking. Less and less worth it. I drink maybe every 10 days or so.

You've got a wife now? Holy shit how time flies.

 

What will never become obsolete is this recent craze about group exercise. I'm looking at you, SoulCycle Flywheel, Barry's Bootcamp, Tone House, etc.

I will never get this overpriced, herd-mentality, groupthink spawn that is group exercise. It is so expensive and so ridiculous I'm baffled that it is even a viable business. I thought the same thing about Just Salad when they popped up around NYC, and how people could pay $12+ for a salad.

You can find workout and training programs for the highest-level athletes from triathletes to special operators to NBA players for free online, but yet people pay $40 a session after a yearly fee to go ride bikes indoors while listening to some Tiesto? It's just a way to cater to people's desire to fit in, and that will never become obsolete.

Basically, I'm just mad I didn't think of it first.

 

Yeah, group fitness sucks and is just a rip off to get people's money. Every instagram chick has her own program by now ffs...

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 
Matrick:

Yeah, group fitness sucks and is just a rip off to get people's money. Every instagram chick has her own program by now ffs...

Why do you dislike it? I've never done it, but anything that gets people to move their bodies is healthy (unless they're doing some retarded shit, but most of these are just girls dancing and sticking their butts out). Some people are real social and like it. Who cares? Let them dance in a circle.

And if you're looking to learn something, it could be good too. Yoga? Kettlebells?

heister: Look at all these wannabe richies hating on an expensive salad. https://arthuxtable.com/
 

The best advice I've ever received is that the worst workout is the one that didn't occur. Group exercise caters to the personality of certain people, who really enjoy that type of workout. Because they enjoy the workout they do the workout. Is a regimen of weightlifting and HIIT combined with intermittent fasting optimal? Yes. But SoulCycle is much better than nothing.

Array
 

People are drawn and attracted to working out at gyms for various reasons. Some like the ego of walking around the gym, some like to stare at the people there, some go to achieve their own personal goals and keep to themselves, all different drivers. Some may find the environment more intimidating so they opt for a home experience away from what they perceive as judgment (I know some people like this). We could also be seeing a culture shift towards performing more activities outside for recreation since so many were enamored by the introduction of smart devices that kept them close to home.

For my personal development, I went from being a consistent gym goer/bodybuilder from 2007-2015, to hiking/climbing more in late 2015+, so it changed my desire to go to the gym because I didn't need as much mass. I don't think gyms will ever become obsolete though because there is a social interaction aspect about it that you can't get at home, similar to bars.

If you find yourself feeling lost, go climb a mountain.
 

I didn't read the article but having money in the industry I am willing to bet that the term gym is targeting a very specific type of institution. I.e. the big have everything gym, gold's gym, planet fitness, etc. these are likely going to continue to see a shrinking market. However, I have seen impressive growth in the specialty gym market. The gyms that cater their offerings to a very specific type of consumer. Crossfit, boxing, boot camps and so on, with many companies are now putting in traditional gyms in their offices the demand for traditional gyms is falling. However, working out at home doesn't have the motivation factor that working out in a group does. I believe we will continue to see contraction in the big gym market with continued growth in the specialty gym segment.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 

Back in my days hiking was called walking and it was not a sport. Also I knew some people who "worked out" at home and if you multiply all their result by 100 it will still equal to 0.

You killed the Greece spread goes up, spread goes down, from Wall Street they all play like a freak, Goldman Sachs 'o beat.
 

Interesting to see this topic come up. My firm is currently marketing two long term NNN leased buildings (one is a Planet Fitness, the other is a Blink Fitness) and we're seeing a lot of investor hesitation due to the tenancy on both despite being located in very good corridors of New York City. Part of that is the market but have no doubt two years ago these would trade at 4.5%-4.75% cap rates and most bids are 5.15%+. In relation we just sold a NNN leased CityMD (similar credit) for a 4.59% cap and dance studio (similar credit) for a 4.5% cap. Although I don't understand the bearish point of view on fitness I am hearing a lot of it from investors.

 

Of course not. It's expensive to make a good home gym and you have to have the space for it in the first place.

"Exercising at home with videos" might keep the brunch lbs off for housewives, but it is hardly a substitute for pushing some iron around.

Commercial Real Estate Developer
 

I think the fitness centers who have the best chance of surviving are those who partner with health systems and are more health and wellness centers than just fitness. Integrating fitness into the healthcare delivery model, from a preventative and post acute care (physical therapy) perspective, is a direction a few of our clients are going

 
differentialequations12:

Gyms will be around as long as men are willing to pay gym fees to be around fit girls in skimpy outfits.

Wow inspiring !! free membership to the pretty ladies what a great marketing idea loooool

 

Doing 60mins jogging and then push ups, abs etc at home is good enough. Or, just 60 mins swimming. Saves time, money and it's a simple process (i.e. less excuses to avoid/postpone). Also, would go to the gym if I wanted something specific or bigger muscles which I don't; already have big naturally, only want to keep fat low and be in shape, lean muscle harr harr!

Colourful TV, colourless Life.
 

For most people going to the gym is like going the church: it's just something they do to check the box. This is why these rock concert "churches" and "we only have a smith machine and not a squat rack" gyms do so well. People just want to show up and check the box. At-home fitness equipment is like that candle commercial where the lady lights the pumpkin spice candle and then takes the store-bought pumpkin pie out of the oven, using the candle's scent to trick her guests into thinking that she baked the pumpkin pie herself. At-home fitness gear lets people check the box while skipping the activity because, well, who, other than a fitness buff would have a yoga mat or a bike laying around their living room?!

I think Planet Fitness and the like will be hurt by this. The "no frills" gyms won't. They'll probably even see an uptick in their membership.

 

This is the same question as "Will everyone be working from home in the future?"

No. It depends on the person and how they best operate. My guess is most people need to go somewhere to get shit done whether it be the gym or work. And I don't think more and more people working out at home is an actual trend. Maybe this is the case in your friend group but maybe more people are working out in general.

 

Voluptatem ratione est dolores velit error et. Eligendi mollitia fugit commodi omnis ratione velit recusandae voluptates. Nam et omnis et aperiam sunt.

Doloribus voluptatibus quisquam debitis minus. Voluptas quo repellat aut vero impedit ut nulla.

Et neque unde earum suscipit impedit. Eius sed quia ut distinctio corrupti. Quia sit accusamus minima. Iste et eveniet quo molestiae voluptate. Sed consequatur eaque est nam laborum. Veniam repellendus cumque nulla ullam est saepe.

**How is my grammar? Drop me a note with any errors you see!**
 

Qui aperiam nobis non quos autem autem qui. Velit nihil minus ea aut. Nihil aspernatur numquam eum amet. Occaecati quae est amet illum. Vel quod aut fugiat id quibusdam et. Quia ut inventore sit commodi velit commodi soluta.

Minus quasi repellendus tenetur est voluptatem dolore. Officia voluptatibus quo ut sint nobis. Laudantium et unde et consequatur dolor reiciendis. Quisquam recusandae quas illo debitis voluptatum incidunt accusamus. Nam assumenda est fugiat et nihil sit quam. Consequatur enim omnis ex libero illo. Odit ipsa aut non et suscipit recusandae.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”