NEW YORK CITY— Health and wellness have become a top trend in the commercial real estate industry. Viewed as an exciting growth category for the many new concepts and innovation coming out of the asset class that was once considered one of the most traditional fields, Meghann Martindale, global head of retail research at CBRE, tells GlobeSt.com.
Health and Wellness were one of the trends widely discussed among conference-goers at this year's International Council of Shopping Center's New York Deal Making Conference, and were well represented and prevalent in the sessions at the three-day event, said Martindale, who attended.
"Many services are being extrapolated from mainstream medical that were once reserved for the doctor's office," Martindale said. "Experiences are elevating, services are becoming more accessible, and pricing is becoming more democratic across a broad range of offerings."
Today's consumers have become largely focused on a holistic lifestyle that includes health and overall wellbeing and the demand has given new and existing retailers further incentive to invest in health and wellness. The growing market has fostered a natural alliance to see more healthcare and self-care brands become prevalent in retail environments, Martindale said.
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
