Our Mission

Learn who we are and how we serve our community


Meet our leaders, trustees and team


Developing the next generation of talent


Covering the latest news and trends in the marketplaces industry

Industry Insights

Check out wide-ranging resources that educate and inspire

Government Relations & Public Policy

Learn about the governmental initiatives we support


Connect with other professionals at a local, regional or national event

Virtual Series

Find webinars from industry experts on the latest topics and trends

Professional Development

Grow your skills online, in a class or at an event with expert guidance

Find Members

Access our Member Directory and connect with colleagues

ICSC Networking Platform

Get recommended matches for new business partners

Student Resources

Find tools to support your education and professional development

Become a Member

Learn about how to join ICSC and the benefits of membership

Renew Membership

Stay connected with ICSC and continue to receive membership benefits


The wellness industry is driving development

October 5, 2021

New developments increasingly will feature wellness components, as more businesses aim to serve customers’ pursuit of holistic health, according to new research. The global wellness development industry grew an average of 22% from 2017 to 2020, expanding from $148 billion in 2017 to $225 billion in 2019 to $275 billion in 2020, according to the Global Wellness Institute.

GWI defines wellness projects as residential, office, mixed-use/multifamily, medical and leisure developments that incorporate intentional wellness elements in their design, materials, building, amenities, services and/or programming.

RELATED: Medtail expansion accelerating

Consumers and real estate developers already were embracing wellness before the pandemic. The dollar value of wellness real estate projects grew 23% each year from 2017 to 2019, compared with 5.4% growth for developments overall. This disparity occurred in every global region. The pandemic further fueled the shift. From 2019 to 2020, the dollar value of wellness real estate projects continued to grow by more than 22% a year, even as the dollar value of overall construction shrank by 2.5%.

RELATED: How to incorporate medtail in retail properties and what they’re looking for

“Just three years ago, wellness real estate was a concept not well understood by consumers, builders, developers or investors, but we predicted demand would soon hit like a tsunami. That moment has arrived,” said GWI senior research fellow Ophelia Yeung.

Seven countries — the U.S., China, Australia, the U.K., Japan, France and Germany — account for 82% of the wellness development market; the U.S. and China alone comprise roughly 60%. From 2017 to 2020, Japan grew 360% and Canada 240%. The U.S., China, the U.K., France, the Netherlands, Denmark, Switzerland, Singapore, Norway, Italy and Finland essentially doubled their markets.

By Brannon Boswell

Executive Editor, Commerce + Communities Today

Commerce + Communities Today

Members get exclusive access to this magazine with news and trends for the rapidly evolving marketplaces industry.

Sign up now