Thanks to @BethMace, who spoke with me about #seniorliving occupancy increasing for third quarter in a row, led by #assistedliving. Read more about the news from @Natl_Inv_Ctr / @NIC_MAP here. mcknightsseniorliving.com/home/news/seni…
Average #seniorliving occupancy (IL+AL) was 80.6% in the 1st quarter, which marked a 0.2 percentage point increase from the 4th quarter of 2021 and a 2.5 percentage point increase from a pandemic-related low of 78% in the 2nd quarter of 2021. mcknightsseniorliving.com/home/news/seni…
#Assistedliving led the way in occupancy growth in the 1st quarter, with independent living occupancy declining slightly, although occupancy was higher in independent living than in assisted living. mcknightsseniorliving.com/home/news/seni…
Annual rental rates rose across @NIC_MAP's primary markets by 4.1% for #assistedliving in the 1st quarter. This was the largest increase since NIC MAP began reporting the data in 2005. Annual growth in rental rates for independent living was 2.7%. mcknightsseniorliving.com/home/news/seni…
According to @NIC_MAP, 59% of the #seniorliving units within NIC MAP’s primary markets that were vacated during the pandemic now have been re-occupied. mcknightsseniorliving.com/home/news/seni…
“#Assistedliving still has 6.8 percentage points of occupancy to get back to that pre-pandemic level, and independent living still has 6.6 percentage points left to go,” @Natl_Inv_Ctr's @BethMace said. mcknightsseniorliving.com/home/news/seni…
.@Natl_Inv_Ctr's @BethMace said she is “cautiously optimistic” about the recovery, but added that, “as an economist, I do worry about some of the broader trends going on in the economy.” Read more here: mcknightsseniorliving.com/home/news/seni…
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