Senior Housing News February 7, 2025
The senior living industry is on the cusp of demographic-driven demand that could spur above average revenue growth through 2029.
That’s according to a recent report published by commercial real estate advisory firm Green Street.
The report forecasts that market revenue per available foot (RevPAF) will increase to around 5.5% through 2029 as accelerating demand contrasts with minimal supply of new units. This forecast is over 300 basis points higher than the senior living industry’s traditional average. Green Street also expects mid to high single-digit RevPAF growth in 2025 for the industry, boosted by an approximate 240 basis point increase in occupancy and an approximate growth of rental rates of 4% this year.
This growth will be fueled by a...
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