Not all seniors are moving south to retire, and many aren't lining up to enter their nearby seniors care facilities.
David Banta, Senior Living Practice Leader, Partner, BKV Group, tells GlobeSt.com that he is seeing a trend of people staying closer to home around old-growth Eastern cities as potential residents are more likely to stay in the region where they currently live versus moving to another part of the country.
In the DC Metro and Mid-Atlantic area, he said that demand has remained high despite numerous new communities coming online and the challenges of longer entitlement processes and regulatory requirements.
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