Senior housing occupancy has crossed 90% for the first time since 2007.
The gains are broad-based across property types, including Independent Living (91.5%) and Assisted Living (88.6%).
Senior housing units under construction have fallen below 24,000, the lowest level since mid-2012. Add the typical two-year lag from groundbreaking to opening, and substantial inventory growth from any new cycle is unlikely to reach the market before 2030 at the earliest.
Source: NIC MAP
Multifamily Market News 