Wellness real estate has been seeing double-digit growth in recent years, even during the pandemic. All 10 international markets saw that level of expansion in the three years prior to Covid-19’s onslaught, according to the nonprofit Global Wellness Institute, which held its Wellness Real Estate and Communities Symposium this week in New York.
“The pandemic fueled the shift in the real estate and construction industries toward wellness: from 2019-2020, wellness real estate continued to grow by over 22%, even as overall construction shrank,” the organization reported. GWI defines wellness real estate as commercial, institutional and residential properties that incorporate wellness elements in their architecture and amenities.
Participants and presenters during the symposium all defined the wellness real estate market as a continuing opportunity, driven in part from lessons learned during COVID. Doctors, architects and wellness professionals have come together to “introduce preventive medicine intentions” into the way we design the built environment “as a preventative medicine tool,” shared presenter and sponsor Paul Scialla, CEO of wellness technology firm Delos. Click to read more at www.forbes.com.