Made to Live: The Wellness Industry’s Impact on Real Estate

According to researchers from Florida’s Global Wellness Institute, the international wellness real estate market is a $134 billion industry. Since 2015, the quantity of wellness-oriented residential, commercial and mixed-use properties has grown by 6.4% on an annual basis. This represents 1.5% of the total annual global construction market. Experts believe that the pace will continue steadily through 2022, which will mean that the industry will reach $180 billion.

While there are north of 740 existing or planned residential projects with mixed-used developments in the works spanning 34 countries, the U.S. leads the way with $52.5 billion, followed by China, Australia and the U.K. This boom in wellness-related real estate began in 2014 with commercial properties and the WELL Building Standard, and is quickly infiltrating residential communities worldwide.

Like commercial office spaces, residential wellness real estate also begins with energy-efficient and sustainable construction. Natural lighting, acoustics, walkability, exercise equipment, and non-toxic paints are a few additions that take these properties to the next level.

Given the technological boom and aging population, health is a primary focus of many, and it’s shaping real estate, literally.

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