Vital Signs Fall 2021: Healthcare and Medical Office Report

SENIOR HOUSING OCCUPANCY RATE BY PRODUCT TYPE

94%

90%

86%

82%

78%

74%

70%

Independent Living Assisted Living Continuing Care/Life Plan Nursing Care

Source: NIC MAP

Construction activity in the sector has been brisk, with independent and assisted living segments leading the way. Since 2015, both segments have added more than 500,000 units as they strive to meet rising demand. The assisted living category is experiencing the biggest building boom relative to the size of its inventory, having increased by 28% since 2014—by far the largest gain in the space. SENIOR HOUSING NEW CONSTRUCTION BY PRODUCT TYPE

10,000 15,000 20,000 25,000 30,000 35,000 40,000

Units

0 5,000

Independent Living Assisted Living Continuing Care/Life Plan Nursing Care

Source: NIC MAP

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