Senior Housing Occupancy Hit New Record-Low of 78.8%
In the first three months of the year, U.S. senior occupancy fell to a new record-low level, of 78.8%.
That occupancy rate was 1.8 percentage points lower than in Q4 2020 and 8.7 percentage points lower than a year prior, according to NIC MAP Vision data released Thursday by the National Investment Center for Seniors Housing & Care (NIC).
Assisted living occupancy was even lower, hitting 75.5% in the first quarter. Independent living occupancy sat at 81.8%.
Some markets outperformed national averages, with San Francisco leading the pack at 84.2% senior housing occupancy, followed by San Jose at 83.4% and Seattle at 82.9%. At 72.9%, Houston had the lowest occupancy, along with Atlanta (73.5%) and Cleveland (74.2%).
The occupancy statistics indicate that Covid-19 vaccine clinics, which were being held in senior living communities during the first three months of the year, did not immediately translate into census gains.
Read the full article from Senior Housing News.