Senior Housing News April 3, 2025
Demand for senior living is at an all-time high and occupancy is on the rise.
According to the latest tally from NIC MAP, average senior living occupancy rates increased to 87.4% in the first quarter of 2025, up from 87.1% in the fourth quarter of 2024. Senior living demand has pushed the number of occupied units to an all-time high of about 621,000.
For the first time since 2019, four of the top 31 largest metro markets NIC tracks had average occupancy rates exceeding 90%. All of those markets are “well above” 80% occupancy, according to NIC MAP.
Boston carried the highest average occupancy rate at 90.7%, followed by Baltimore at 90.6% and Cincinnati at 90.2%. Miami dropped to one...
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