Publications

Senior housing occupancy decreases sharply in second quarter due to COVID-19
Research - JULY 10, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Senior housing occupancy decreases sharply in second quarter due to COVID-19

by Released

Senior housing occupancy fell 2.8 percentage points in the second quarter of 2020 from 87.7 percent to 84.9 percent, according to new data from NIC MAP Data Service provided by the National Investment Center for Seniors Housing & Care (NIC).

NIC experts said this is the largest quarterly decline since data reporting began 14 years ago, making this quarter’s occupancy rate the lowest on record.

The only two markets with occupancy gains between May and June were Sacramento and Cleveland, which saw increases to 85.4 percent and 84.5 percent, respectively. Atlanta and Denver experienced the largest occupancy losses during the same time period, while occupancy was unchanged in Orlando and Riverside, Calif.

San Jose (92.3 percent), San Francisco (89.5 percent), Baltimore (89.0 percent) and Tampa (87.5 percent) had the highest second quarter occupancy rates of the 31 metropolitan markets that comprise NIC MAP’s Primary Markets, while Houston (78.5 percent),

Forgot your username or password?