Wellness Real Estate Market Reached $438 Billion in 2023 and Is Forecast to More Than Double to $913 Billion by 2028

Just released at the 3rd annual Wellness Real Estate & Communities Symposium in New York, the “Wellness Real Estate: Market Growth (2019-2023) and Future Developments” report from the nonprofit Global Wellness Institute (GWI) reveals that wellness real estate has been by far the fastest-growing market in the 11-sector wellness economy in recent years, surging from $225 billion in 2019 to $438 billion in 2023. To put that 18.1% recent growth rate in perspective, the annual growth rate for overall global construction was only 5.1%.

With the pandemic dramatically accelerating the understanding among consumers and the building industry about the critical role that external environments play in our physical and mental health, the GWI forecasts that the market will grow 15.8% annually from 2023 to 2028, when it will approach the trillion-dollar mark ($913 billion).