There's minimal new construction and impressive absorption occurring recently in the seniors housing market, according to a new report from Marcus & Millichap.
In the final three months of 2023, more than 11,000 senior housing units were absorbed on net, a five-quarter high, according to the report.
This far exceeds the trailing three-year average of 8,500 units per quarter and drove nationwide occupancy to 84.3 percent, according to NIC Map Data Service, just 110 basis points shy of its pre-pandemic baseline.
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