Older adults are shifting into senior residing communities at report charges, and common occupancy reached 88.1% within the second quarter of 2025.
Common senior residing occupancy within the 31 main markets tracked by NIC MAP elevated by 0.8 proportion factors within the second quarter of 2025 in comparison with the primary quarter of the yr, in accordance with the group.
All 31 NIC MAP main markets had above 80% occupancy for the second quarter. The highest three markets have been Boston at 91.7%, Cincinnati at 91.5% and Baltimore at 90.9%, remaining unchanged from the earlier quarter, in accordance with the report. The underside three have been Miami at 85.1%, Atlanta at 84.6% and Houston at 84.5%.
Demand for unbiased residing communities drove the most recent beneficial properties in common business occupancy. Common unbiased residing occupancy charges elevated by 80 foundation factors to 89.7% within the second quarter of 2025. Common assisted residing occupancy reached 86.4% within the second quarter of the yr, representing a acquire of 70 foundation factors over the earlier quarter. That is the third consecutive quarter that common unbiased residing occupancy has outpaced assisted residing common occupancy, in accordance with NIC.
Senior residing operators are in 2025 including occupancy at a quicker clip than 2022 via 2024, when common occupancy elevated 60 foundation factors per quarter, on common, in accordance with Caroline Clapp, senior principal for the Nationwide Funding Middle for Seniors Housing and Care.
“Demand from child boomers, coupled with a dearth of latest provide, is driving occupancy charges greater at a sturdy clip,” Clapp informed Senior Housing Information.
Common energetic grownup occupancy grew at a quick tempo, reaching 92.3% occupancy within the second quarter, which NIC attributed to the decrease value for renting these sorts of items.
Boomers “seem to prioritize psychological, bodily, and social wellness, and so they’re selecting to maneuver into unbiased residing and energetic grownup communities as a result of that way of life is baked into the expertise,” Clapp famous in a press launch Thursday.
The low price of latest development additionally has contributed to current occupancy beneficial properties. Within the second quarter of 2025, senior residing firms opened simply 809 new items, representing lower than 1% of stock development in the identical interval in 2024. That is also the primary time stock development has fallen under 1% yearly, and the bottom degree since NIC started reporting the information in 2005. Total occupied items elevated to 625,800, up from the 619,800 within the first quarter.
“Many capital suppliers and builders are taking a cautious method to new initiatives as they monitor financial circumstances and public coverage developments,” Arick Morton, CEO of NIC MAP, stated within the launch. “This slower tempo of development continues to widen the hole between future provide and the rising demand from child boomers who will want housing and care choices within the coming years.”
Rental charges additionally for unbiased residing and assisted residing communities elevated 4.25% and three.97%, respectively, over 2024. Impartial residing charges averaged $4,402 per thirty days, whereas assisted residing charges now common $6,976 per thirty days.
