Senior housing demand has reached an all-time high, according to the National Investment Center for Seniors Housing & Care (NIC). As the U.S. population is gradually aging, senior housing occupancy rates in the United States have reached 87.4 percent in first quarter 2025, which is an increase of 0.3 percentage points.
This momentum is credited to baby boomers, as well as ‘solo agers,’ who don’t have caregivers to support them, according to NIC. With this increase in demand, supply needs to keep up.
Development in the sector is encouraged, but the current market conditions don’t point to significant supply growth in the coming year. Starts in senior housing are slower than normal for the first quarter at 1,076, marking the lowest amount since second quarter 2009.
