Wellness Real Estate Set to Top $1 Trillion
The wellness real estate market is growing 3x faster than overall construction and could hit $1.1 trillion by 2029, a new report shows.
NEW YORK — Wellness real estate – properties designed and built to intentionally support and enhance the health and well-being of their occupants – has grown by leaps and bounds with bigger projections for the future.
According to the Global Wellness Institute's "Build Well To Live Well: The Future" report, "The wellness real estate market has grown by 19.5% annually over the five-year period from 2019-2024, as compared to a 5.5% average annual growth rate for overall construction." The institute also said, "We project 15.2% annual growth over the next five years, with the market increasing to a projected $1,114.0 billion by 2029."
If the forecasts come to fruition, homeowners and buyers can expect a wide array of options from professional building companies. Wellness real estate offers benefits for owners from reduced asthma symptoms to lower rates of chronic disease, as well as better sleep, reduced hospital admissions and fewer sick days.
Wellness real estate involves creating kitchens for preparing, storing and serving healthy food; providing space for movement and exercise; minimizing exposure to toxins; enhancing mobility and accessibility for all residents; and enhancing the security and safety of the property.
Additionally, building homes that are resilient to wildfires and hurricanes are gaining in popularity. These homes also are garnering higher price points as they include spaces incorporating nature and providing space for work-life balance and spiritual wellness.
Social spaces that include roof or courtyard gardens allow for classes, meetings and gatherings, particularly in mixed-use environments. Other factors in wellness housing include providing public services; incorporating local heritage, culture, and history; encouraging engagement with multiple generations and the community; offering access to education and employment, as well as support for local entrepreneurs; and optimizing energy and water conservation efforts.
The report states, "The built environment is an essential foundation for building healthy lives. Wellness can be incorporated into any project's size, scope, or price point. Wellness planning should begin at the earliest stages of the process, using a holistic approach. ... Wellness should be embedded in the infrastructure and not just an amenity; it should also be activated through ongoing operations, and programming."
Source: Forbes (06/24/25) Gold, Jamie
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