Senior Housing News October 3, 2024
Demand for senior living has continued to exceed the rate of new community openings in 2024, a trend that could lead to increasingly tight availability for such services down the road.
According to the latest NIC MAP Vision occupancy report, released Oct. 3, the occupancy rate across the 31 primary markets that NIC MAP tracks increased 0.7 percentage points to 86.5% in the third quarter of 2024, up from 85.8% the previous quarter.
Boston, Baltimore and Tampa had the highest occupancy rates out of the primary markets at 91.3%, 89.2% and 89.2% respectively. Atlanta, Houston and Las Vegas were the lowest at 83.7%, 82.1% and 79.2% respectively.
The report also indicates the number of occupied senior living units reached a...
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