Demand for wellness real estate is changing the housing market on a foundational level—see what that means for buyers and renters.
When you think of “wellness,” real estate may not be the first thing that comes to mind—but that may soon change as residential real estate experiences a health overhaul. In 2024 and beyond, the concept of wellness at home will be a driving factor in the way houses and apartments are built and renovated, thanks to a growing understanding among buyers and renters that our living environment impacts our overall health.
“We're seeing cryotherapy being a big one that people are starting to ask for,” adds Labadie, speaking on the luxury market. “We're also seeing some demand now for medical recovery centers where people can have outpatient procedures done in their residences and be able to recover in their own building without having to go outdoors.”
Elsewhere, Scialla says retrofitting has also become a popular way to make healthy home improvements to existing residences—such as updates to ventilation systems, which . “These types of solutions can often be implemented with little to no construction and can scale across large buildings and building portfolios,” he says. Not to mention, they’re typically more economical than starting from scratch and offer people who already have housing a chance to make their homes healthier.
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