Sticking gyms in ailing malls won't work, and here's why

CNBC

With retailers closing a record number of stores last year, malls have been experimenting with new types of businesses to drive traffic: Everything from restaurants and movie theaters to mini golf courses.

Now, there's a new strategy that's heating up – the gym. Over the last five years, gym leases in malls across the country have nearly doubled, according to commercial real estate information firm CoStar. They now account for 1 percent of all mall space in the U.S.. . . more