Senior housing occupancy increases for second consecutive quarter in fourth quarter 2021
Senior housing occupancy increased for the second consecutive quarter and rose to 81.0 percent in the fourth quarter of 2021 in the primary markets, a 1.0 percentage point increase from the third quarter and a 2.3 percentage point increase from a pandemic-related low of 78.7 percent in the second quarter, according to National Investment Center for Seniors Housing & Care (NIC), using its NIC MAP® data, powered by NIC MAP Vision. The data do not appear to show any significant impact from the COVID-19 Delta variant on occupancy. Impact from the Omicron variant may not be known until the first quarter of 2022.
“Fourth quarter occupancy is often negatively affected by seasonal illnesses like the flu, but occupancy continued to increase despite the challenges posed by the Delta variant,” said Beth Burnham Mace, chief economist for NIC. “The data suggest that infection and safety protocols put in place during the first phase of the pandemic are keeping residen