Investing in People: Unlocking Real Estate Value through Wellbeing
In the evolving landscape of real estate investment, prioritizing occupant health and wellbeing isn't merely ethical - it's strategic. According to Deloitte, addressing health equity could boost economic growth significantly, adding up to $2.8 trillion to GDP by 2040. Evidence consistently shows that health-promoting building designs translate directly into stronger financial returns, increased tenant satisfaction, and competitive market advantage.
Integrating biophilic elements like greenery and natural light can dramatically reduce energy costs and increase tenant satisfaction. Discover how with Welscape.
Real Estate's Health-Wellbeing Connection
Research from MIT’s Real Estate Innovation Lab demonstrates that healthy buildings certified by platforms like Fitwel command rental premiums between 4.4% and 7.7% higher than their uncertified counterparts. The Fitwel Benchmarking Report confirms this, highlighting clear correlations between high Fitwel scores and increased tenant satisfaction across workplace and residential environments. Moreover, PwC’s real estate insights forecast amenities designed to foster health, such as fitness centers and communal spaces, as key value drivers.
Tailored Benefits for Different Stakeholders
Understanding stakeholder priorities is essential:
Investors value resilience and risk mitigation. Research from First Street Foundation highlights how climate resilience significantly influences property values and investment decisions.
Owners benefit directly from integrating biophilic elements - landscaping, green roofs, and increased tree canopies—which, according to the International Society of Arboriculture, can significantly reduce energy costs and enhance property value.
Tenants prioritize Indoor Environmental Quality (IEQ). ASHRAE and EPA studies emphasize that enhanced indoor air quality and natural lighting substantially increase productivity, reduce absenteeism, and improve overall occupant health.
Optimal indoor air quality can boost productivity, adding $6,500 annually per employee. Invest in people, invest in your future with Welscape.
The Business Case for Health
Research by Harvard T.H. Chan School of Public Health quantifies that optimal indoor air quality can boost productivity equivalent to an economic gain of $6,500 per employee annually. Clearly, investing in health-focused environments is not only altruistic but also economically prudent.
The Future of Real Estate
As the global market increasingly recognizes the importance of occupant health, stakeholders who proactively embrace certifications like Fitwel position themselves ahead of competitors. At Welscape, we specialize in guiding real estate developers, investors, and owners through the Fitwel certification process, ensuring properties align with emerging market demands and regulatory expectations.
Investing in occupant wellbeing is investing in sustained economic performance. The evidence is clear—healthier spaces build lasting value.
Explore how Welscape can enhance your real estate assets through wellbeing-focused certifications and strategic consulting.