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The pandemic ignited demand for “well” homes, workplaces and communities, ushering a wave of new trends–from developments that blend home, work and wellness to a huge new value for nature to a shakeup in senior living to thinking beyond the billionaires. New momentum and new directions continue to build in this exploding sector of the $5.6 trillion wellness economy. 

BUILDING MOMENTUM 

Of the 11 sectors comprising the wellness economy, wellness real estate is building the most momentum, according to the Global Wellness Institute: 

•  It’s the sector showing the strongest resilience and growth since pandemic
•  Market size grew 177% from 2019 ($225.2B) to 2022 ($397.7B)
•  Projected average annual growth rate is 17.4% (2023-2027), the highest rate of any sector
•  Sector is poised to benefit from explosion in longevity services demand
•  Projected market size is $887.5B by 2027

More people now seek homes, workplaces and communities purpose-built to deliver more physical, mental and social wellbeing. This is not just a temporary fallout of the pandemic, but because of bigger cultural, environmental and demographic shifts that will play out over decades 

COMMUNITY MOMENTUM 

Focusing on healthy buildings was (and is) key, but it’s just one piece of the equation. Positively impacting human lives, and health outcomes, is now at the center of wellness real estate. Integrating human-centered design and features creates the ultimate building amenity: a community that makes it easy to have a healthy and happy life. Attend the Symposium to find out how top executives, developers and investors are working with architects, designers, analysts and policymakers to put people first, then place, in the future of wellness real estate. 

DESIGN MOMENTUM 

Residential and commercial demand for wellness-oriented spaces has skyrocketed since the pandemic. Innovations in design and the design process enable developers to future-proof their projects by incorporating designs that integrate sustainability from all angles, connect with the natural environment, utilize advanced technology and consider multi-sensorial elements like lighting and sound. 

Leverage this momentum in your next wellness real estate project and join us at the 3rd annual Wellness Real Estate Symposium on May 14 in NYC or online.  

For those attending in person, world-renowned design firm SHoP Architects will host an evening reception at their offices in the iconic Woolworth Building in Tribeca on May 13. The brief program will include leaders from SHoP Architects sharing insights on their design process, a process that has earned them the reputation as a global leader in anticipating and designing for what’s ahead.  

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