Philadelphia: Suburban executives don’t live as close to their country clubs as you would think
"All executives do is golf.” We’ve all heard it before.
March 16, 2020
- Based on an analysis of 48 Suburban Philadelphia executives, that may not be the case. For starters, the group’s average handicap is 14.5 – not bad, but also not great for anyone supposedly golfing a lot.
- Let’s face it, country clubs are fun. A great place to do business, dine, drop the kids off for summer camp, and most importantly – GOLF! Across Suburban Philadelphia, country clubs attract some of the most prominent members of the business community. The question is, if you are an executive decision-maker, is an office’s proximity to your country club factoring in to your real estate decisions? Our analysis suggests probably not (but that doesn’t mean they don’t want to). One reason: exclusivity. Of the 48 executives analyzed, eight held memberships at Merion in Ardmore, five belonged to Aronimink in Newtown Square, and three are members at Philly Country Club in Gladwyne.
- Why aren’t they closer? Well, geography isn’t helping. The club closest to the I-76/I-476 split is Philly Country Club, which is 5 miles away, and St. Davids Golf Club is 3 miles away from the Route 202/I-76 split. Merion, the course with the most members analyzed, sits 7 miles away from the I-76/I-476 split. When we say “live, work, play,” that includes golf!
- So what do we do? Offices can’t be moved and golf courses (from what we’re told) aren’t the best investment. So if you’re a landlord looking to add another amenity and there’s a course down the road short on members, maybe strike a deal to add another crucial amenity to your building – you never know who it might attract.
Source: JLL Research, Golf Handicap Index Network