NIC MAP has released its updated Senior Housing Market Outlook, revealing that the nation’s 80-plus population is entering a period of historic growth just as senior housing communities are filling up and new construction remains near historically low levels. The result has created one of the largest long-term investment opportunities in commercial real estate.
The 80-plus population is growing rapidly. The U.S. population age 80 and older is projected to grow by approximately one-third by 2030 and nearly double by 2040, adding roughly 5 million people who may need senior housing within five years and 13 million within 15 years.
Demand is already increasing. Over the past four years, an average of approximately 32,000 additional senior housing units have been occupied each year, about 50 percent more than the previous record.
“The demograph
