The hard-hit skilled nursing industry is finally showing signs of recovery.
While still 13.7 percentage points below its pre-pandemic level, occupancy at US skilled nursing facilities increased to 71.2% in February 2021 from 70.7% in January, according to NIC MAP data prepared and released by NIC MAP Vision. February's increase pulled occupancy back to the December 2020 level.
Occupancy is improving as COVID-19 cases dropped 98% since December at skilled nursing facilities. The increased confidence in safety in nursing facilities seems to be spawning more leads. NIC's latest Executive Survey Insights says that more than four in five operators in senior housing and skilled nursing are reporting an increase in lead volume since the beginning of 2020.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
