NIC MAP Vision just released the 2Q22 NIC MAP® Market Fundamentals Data and it is now available to clients. Despite growing economic uncertainty, the new data shows a continued increase in overall seniors housing occupancy, including assisted living, independent living, and nursing care.
• Seniors housing occupancy during the second quarter of 2022 was 81.4%, up 90 basis points from the first quarter of this year.
• The occupancy rate for independent living properties averaged 83.9% in the second quarter of 2022 – a 70 bps increase from first quarter occupancy of 83.2%.
• Assisted living properties’ average occupancy grew during the second quarter of 2022 to 78.8%, up 110 bps from the previous quarter.
• The occupancy rate for nursing care properties also grew during Q2 to 78.5% up 90 basis points from 77.6% in the first quarter of 2022.