Planet Fitness

Planet Fitness is one of the largest fitness center operators in the world, known for its accessible and affordable approach to health and wellness. The company began in 1992 with a single gym in Dover, New Hampshire, and has steadily grown through a franchise-driven model. As of September 2025, Planet Fitness operates 2,795 clubs across the United States, Canada, Mexico, Australia, Spain, and Panama, with a presence in all 50 states and over 20 million members.

Over the past five years, Planet Fitness has added more than 600 clubs, demonstrating a consistent commitment to expansion. The brand has not only increased its footprint in established U.S. markets but has also entered new international territories, including Australia and Spain. A recent milestone includes opening its 100th club in Greater Los Angeles, which highlights its ability to scale in major urban areas. The company continues to invest in club enhancements, such as expanded strength training areas and upgraded recovery amenities, to keep pace with evolving fitness trends.

Planet Fitness operates primarily through independent franchisees, with a smaller number of corporate-owned clubs. This approach has allowed for rapid growth and flexibility in site selection. The company’s large-format clubs are typically positioned as anchor tenants in retail centers, driving consistent foot traffic and serving a broad demographic. Its reputation for reliable performance and steady rollout of new locations has earned recognition, including a spot on Fortune’s 2025 100 Fastest-Growing Companies list.

With a robust pipeline and a focus on both domestic infill and international growth, Planet Fitness remains an active and credible tenant for landlords, brokers, and developers seeking stable, high-traffic retail partners.