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Occupied senior housing units reach new high
Research - JANUARY 17, 2025

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Occupied senior housing units reach new high

by RELEASED

Senior housing occupancy rates in the United States increased 0.7 percent, from 86.5 percent occupied in third quarter 2024 to 87.2 percent in fourth quarter, according to the National Investment Center for Seniors Housing & Care (NIC), using data from NIC MAP Vision. The senior housing occupancy rate for the 31 NIC MAP Primary Markets surpassed pre-pandemic occupancy levels in the fourth quarter, as predicted by NIC.

“Older adults are turning to senior housing in record numbers, and we anticipate that trend will continue as our population ages and requires specialized housing and care,” said Caroline Clapp, NIC’s senior principal. “Given the current supply and demand trends, we forecast that occupancy levels will surpass 90 percent by the end of 2026, which has only happened a handful of other times since NIC MAP Vision began tracking the data.”

Fourth quarter 2024 set a record high for occupied senior housing units, with more than 618,000 units occupied

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