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Cities See Rise in Senior Housing Occupancy Rates

By Michelle Seitzer / Posted on 18 July 2011

Metropolitan markets across the country saw a marked increase in occupancy rates for independent senior housing communities during the first quarter of 2011, according to new data from the National Investment Center for the Senior Housing & Care Industry. As reported in this post at SeniorHousingNews.com, occupancy “reached its highest level in two years, coming in at 87.9%.”

While rates dropped in eight metropolitan markets, 20 of the top 31 markets enjoyed a boost in numbers.

As boomers age, cities must redefine themselves and expand to include more senior care, services and housing options, according to this recent article on USA Today.com, Aging boomers strain cities built for the young.

Policy makers, city planners, and other local officials in Philadelphia, Portland, Atlanta and Manhattan are actively working towards the creation of “lifelong communities” (as they are being called in Atlanta), where issues like accessible housing and “walkability” are being tackled a bit too late, despite demographer’s foretelling of the rapid graying we’re now in the midst of, says the article: the first of the baby boomers continue to hit the 65 year mark this year, and in just a few quick decades (by 2050), 1 in 5 Americans will be age 65 and up.

 

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