Cardio Equipment Leasing Strategies for Fitness Centers

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University of Minnesota Recreation and Wellness Center, Photo by Timothy Hursley, Courtesy of CannonDesign
University of Minnesota Recreation and Wellness Center, Photo by Timothy Hursley, Courtesy of CannonDesign

Cardio equipment is the heart of any fitness center. It's the most popular type of equipment, unintimidating and easy to use for fitness newbies, but also a powerful workout tool for enthusiasts. Befittingly, manufacturers are constantly seeking out new ways to improve their products, from design tweaks to make equipment more user-friendly to consoles featuring integrated technology to keep up with users' expectations. Today's cardio equipment is compatible with a range of wearable technology, offers a variety of virtual-reality programming, can record a long list of workout data, and can even alert operators to specific maintenance needs.

This is all great, unless you own or operate a facility with cardio equipment that can't do any of these things, watching members migrate to the facility across town with the latest technology. "Owners start to look pretty consistently at turning over their cardio equipment every three to five years," says Lu Rasmussen, director of leasing at Woodinville, Wash.-based Precor Incorporated. "It's not an issue of the equipment not lasting, it's an issue of keeping up with the bells and whistles. You've got to be competitive."

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