Senior housing occupancy strengthen nationwide
Senior housing occupancy increased to 88.0 percent in third quarter 2019 from its lowest level in eight years (87.7 percent) recorded during the previous quarter, according to new data from the National Investment Center for Seniors Housing & Care (NIC).
Of the 31 metropolitan markets that comprise NIC’s Primary Markets, San Jose and Minneapolis experienced the highest occupancy rates in the third quarter, at 95.5 percent and 91.3 percent, respectively. Las Vegas and Houston recorded the lowest occupancy rates, at 82.3 percent and 81.5 percent, respectively.
San Antonio experienced the largest occupancy increase from a year ago, rising from 80.2 percent to 84.6 percent. Baltimore saw the largest year-over-year decrease, falling from 92.5 percent to 90.6 percent.
“San Jose retains the distinction of having the highest occupancy rate of any major market in the country, as significant barriers to