The moment a family member needs to consider moving into an assisted living facility is typically stressful and emotionally fraught. It can be compounded by financial worries or lack of suitable options, a situation unfortunately that more and more seniors are facing.

In the second quarter of 2023, the average asking rent for senior housing for 31 primary markets tracked by NIC MAP Vision, an affiliate of the National Investment Center for Seniors Housing & Care (NIC), was $5,031, a 5.7% increase from one year earlier, marking the highest year-over-year increase since this data collection began in 2006. Meanwhile, inventory for the same markets grew by only 1,128 units in the second quarter of 2023, which was the lowest level observed since the beginning of the time series in 2006.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.