The Growth of Senior Housing

Senior housing, particularly assisted living, is experiencing significant demand due to demographic shifts. The over-80 demographic is projected to grow substantially through the end of the decade, with a demand growth rate of 4% to 5% annually. This is coupled with the fact that this older generation is wealthier than their predecessors, allowing more individuals to afford these services. Furthermore, the recent higher interest rate environment has hindered new construction, exacerbating the supply-demand imbalance, which is expected to keep occupancy rates and prices high.