Demand for senior housing continues to outpace inventory growth, resulting in rising occupancy rates for a sixth consecutive quarter, according to a new report for Q4 2022 from NIC MAP Vision.
It was another incremental rise – just .9 percentage points – but that added to a 5.2 percentage point rise overall since a pandemic low of 77.8% in Q2 2021.
"Because new inventory has been added during the pandemic, the occupancy rate has not yet reached pre-pandemic levels," according to the report.
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