Wellness Real Estate: A Growing Trend

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In the world of real estate, there’s a growing trend towards “wellness real estate” which focuses on creating sustainable environments that enhance the health and wellbeing of occupants. This shift is attributed to the increasing importance people place on wellness, especially as the COVID-19 pandemic has forced more people to stay indoors and recognize the significance of their living spaces. According to the Global Wellness Institute, wellness real estate is defined as “the construction of residential and commercial/institutional properties that incorporate intentional wellness elements in their design, materials, buildings, amenities, services, and/or programming.”

The World Health Organization claims that up to 90% of health outcomes are influenced by homes and communities, meaning that the environment we live in plays a significant role in our health and wellbeing. The Harvard T.H Chan School of Public Health found that almost 90% of our time is spent indoors, exposing us to toxic air that negatively impacts our health and productivity. For this reason, investing in real estate that enhances wellness is becoming more popular.

The wellness real estate market has been steadily growing at an annual rate of approximately 6.4% since 2015, and there are “an astonishing 1.3 million potential buyers each year.” Luxury homeowners have shown a strong preference for real estate properties that provide offerings like meditation spaces, home gyms, and in-home air purification systems. This interest in wellness real estate extends beyond the wealthy, as almost 30% of people from all income ranges are willing to pay extra for properties that focus on personal wellness.

Wellness real estate takes various forms, including master-planned communities, multifamily housing, urban districts, mixed-use projects, resort/spa-based real estate, and other types of projects. The Global Wellness Institute reports that “there are over 740 wellness lifestyle real estate and community developments built, partially built, or in development around the world, across 34 countries—and this number is growing every day.” By 2025, the wellness real estate industry is expected to reach a value of $580.3 billion, compared to $134 billion in 2017.

Wellness real estate properties incorporate a number of trends that promote health and wellness, such as home fitness, proper ventilation, and lighting improvements. The World Health Organization warns that people who are insufficiently physically active have a 20% to 30% increased risk of death compared to those who are sufficiently active. This has led to an increasing demand for in-home wellness services like exercise spaces, yoga studios, and fitness centers that allow occupants to stream workout sessions and participate with instructors and friends. Proper ventilation is also essential, as household air pollution is responsible for an estimated 3.2 million deaths per year, including over 237,000 deaths of children under the age of 5. Wellness real estate properties provide options for in-home air and water purification systems, garden spaces, and more open indoor spaces without restricted walls, thus making indoor pollution a thing of the past. Finally, lighting improvements are a key trend in wellness real estate, as natural lighting conditions have a significant impact on our circadian rhythms, vision, and mood. Wellness properties focus on providing access to natural lighting and outdoor spaces, reducing the negative effects of being deprived of natural lighting conditions.

In summary, the rise of wellness real estate is a response to the increasing importance people place on wellness and health, especially in the wake of the COVID-19 pandemic. The industry is rapidly growing, with more and more people seeking out properties that prioritize their health and wellbeing. From in-home fitness centers to proper ventilation and lighting improvements, wellness real estate provides occupants with the tools they need to improve their health and lead a more balanced life. As the industry continues to grow, it’s clear that wellness real estate is here to stay.

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Wellness Real Estate: A Growing Trend

In the world of real estate, there’s a growing trend towards “wellness real estate” which focuses on creating sustainable environments that enhance the health and