Vacancy rates in the senior housing sector have been trending upward for the past two years. A new report from Moody's Analytics sees vacancies ticking up yet again for the first quarter of 2020—but not nearly as much as in the previous quarter.
According to the report, the combined national vacancy rate for senior housing properties increased by 10 basis points in Q1. This is a much milder surge than the 40 basis point rate in the previous quarter. The sector was at a 10.1% vacancy rate at the end of the first quarter.
Both assisted and independent living facilities had 40 basis point vacancy rate increases this year. Meanwhile, memory care facilities declined by 10 basis points and skilled nursing facilities by 20 basis points. Assisted living and memory care facilities had the highest vacancy rates at just over 11%. Skilled nursing facilities had slightly lower vacancy rates than independent living facilities, at 9.7% and 9.6%, respectively.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Richard Binder
Richard Binder, based in New York, is part of the social media team at ALM. He is also a 2014 recipient of the ASPBE Award for Excellence in the Humorous/Fun Department.
