REALTOR Magainze: Real Estate Developers Take Wellness Into Account
June 19, 2018
A growing number of developers believe wellness home features are a big pull for buyers. The wellness real estate boom first sought to make office environments healthier, and now it is focusing more on the residential market, according to a new report released by the Global Wellness Institute.
Homes that are designed for wellness usually focus on energy efficiency and sustainable construction first, and then look at wellness programs within the community. Indoor components that can make a home healthier may include natural lighting, air quality, proximity to green spaces, exercise facilities, and nontoxic paints and finishes.
Wellness real estate has grown to a $134 billion global industry, according to researchers at the Global Wellness Institute. The number of wellness-oriented residential, mixed use, and commercial properties has risen 6.4 percent annually since 2015. The Global Wellness Institute predicts that wellness-oriented real estate will continue to grow at that pace through 2022 and reach $180 billion by then. Globally, the U.S. leads the market share in wellness real estate developments.