Multifamily Market Commentary
Seniors Housing Sector Fundamental Recovery Continued in 2022, Although Sector Faces Headwinds
March 24, 2023
The recovery of the seniors housing sector's fundamentals continued through much of 2022. Although seniors housing occupancy rates have not fully recovered to pre-pandemic levels, according to data from NIC MAP Vision LLC, occupancy rates for seniors housing increased in 2022 and the industry achieved its highest number of occupied units on record as of the fourth quarter. Rent growth rates reached historical highs later in the year, with absorption robust for most of the year after an early stumble.