Pickleball and Commercial Real EstateMay 24, 2023
“Pickleball and Commercial Real Estate: A Perfect Match” from Commercial Observer
“The demand for pickleball has grown, and everybody has read about and seen pickleball,” Cannon said. “Now I actually think that commercial property owners are understanding the unique value that pickleball can bring to their assets.”
Part of that value is pickleball’s smaller size and easier construction process compared to racket sports like tennis or squash. Roughly four pickleball courts can fit in a tennis court, according to USA Pickleball, the governing body of the sport in the nation. Pickleball courts can literally be rolled out onto a flat surface indoors or outdoors, compared to squash, which requires indoor space and solid walls, and which has waned in popularity for the past decade, according to industry publication SquashMad.
In New York, citypickle launched 14 courts at Central Park’s Wollman Rink on April 7 with plans to stay open until Oct. 13, 2023. Founded by doubles tennis partners Erica Desai and Mary Cannon, CityPickle has dabbled in pickleball pop-ups in other neighborhoods, including Hudson Yards and the TWA Hotel at John F. Kennedy International Airport.
Source credit: Commercial Observer Article