Somewhat unique to Baltimore is the large delta between independent living and assisted
living occupancy rates.
Meanwhile, Washington D.C. shifted from a near - record high assisted
living occupancy rate one year ago to a near - record low in the first quarter, as growth in its inventory outstripped demand.
«For example, during the last year the independent
living occupancy rate is down 0.6 percentage points, compared to the previous four quarters when it was averaging a decline of 1.85 percentage points.»
Not exact matches
Rates from $ 2,990 per night plus taxes, based on double
occupancy with VIP Grandstand reserved seating at Herald Square in front of Macy's for prime viewing of the
live musical performances
According to Highwoods CFO Mark Mulhern, its properties are enjoying an average
occupancy rate of 93 percent (an all - time high), thanks in part to big companies moving their Internet and technology departments to cities where the cost of
living is lower than San Francisco or New York.
The exception was the first quarter, when
occupancy rates slipped back for assisted
living properties.
Life sciences real estate is currently in that sweet spot of having strong
occupancy and rental
rates throughout the country, while also being just enough of a niche property type that overbuilding is nowhere close to a threat.
The
rate is a decrease of 0.2 percent from the previous quarter, with independent
living occupancy coming in flat at 91.2 percent, and assisted
living dropping 60 basis points to 88.7 percent from the fourth quarter.
Occupancy rates did show a slight decline during the second quarter for independent
living and continuing care retirement communities (CCRCs) compared to the previous quarter.
The mean
occupancy rate for assisted
living remained relatively flat year over year.
The
occupancy rate for independent
living properties and assisted
living properties averaged 91.0 % and 88.4 %, respectively, during the second quarter of 2015.
The Company's dedication to creating rewarding
living and learning experiences for students, combined with an integrated marketing approach, results in a nearly 97 %
occupancy rate, industry - leading resident renewal
rates, and low maintenance costs thanks to satisfied residents.
Among the 31 NIC MAP ® Primary Markets, four reached near - record high
occupancy rates for majority independent
living properties in the first quarter of 2017 — Seattle, St. Louis, Chicago and Dallas — while two reached record lows — Houston and San Antonio.
Compared to the second quarter of 2007, the mean
occupancy rate was down 250 basis points for independent
living and 200 basis points for CCRCs.
Meanwhile, San Jose boasted the highest
occupancy rate for independent
living properties in the first quarter.
And for assisted
living,
occupancy rates ranged from nearly 93 % in San Jose to less than 72 % in San Antonio.
The
occupancy rate for assisted
living was unchanged from the second quarter and down 0.2 percentage point from year - earlier levels.
Three of these markets — San Jose, Sacramento and Baltimore — also ranked in the top five highest
occupancy rate markets for assisted
living, with San Jose garnering top spot again.
The
occupancy rate for assisted
living was up 0.2 percentage point from the second quarter, when it had fallen to its lowest point ever for the second time in the eleven - year time series.
The
occupancy rate for independent
living properties and assisted
living properties averaged 90.0 % and 89.2 %, respectively, during the fourth quarter of 2013.
«When looking at assisted
living,» continued Hargrave, «the mean
occupancy rate fell from 89.5 percent in the fourth quarter of 1999 to 83.5 percent in the first quarter of 2003, a 600 basis point decline.
We've worked specifically with senior -
living facilities and it's amazing how the
occupancy rates have increased after the model apartments were professionally staged.
Demand has exceeded growth in inventory for independent
living over this period, explaining the increase in
occupancy rates, while demand has fallen shy of the growth in stock for assisted
living.
The
occupancy rate for independent
living properties and assisted
living properties averaged 89.3 % and 88.8 %, respectively, during the first quarter of 2013.
The
occupancy rate for independent
living is now 2.6 percentage points above its cyclical low, while the
occupancy of assisted
living is 2.4 percentage points above its respective cyclical low.
The most recent data for the first quarter reported an
occupancy rate for independent
living of 91.3 % — just 10 basis points shy of its eight - year high - water mark reached in the fourth quarter of last year — while the
occupancy rate for assisted
living averaged 88.3 %.
As recently as the third quarter of 2012, the
occupancy rates for both majority assisted
living and majority independent
living properties were the same at 88.7 %.
The average
occupancy rates for independent
living and assisted
living are now 1.0 and 1.1 percentage points, respectively, above their cyclical lows.
The
occupancy rate for independent
living properties in 3Q11 averaged 87.9 %, and the
occupancy rate for assisted
living properties averaged 88.6 %.
The number is buoyed by independent
living's
occupancy rate, which was down 60 basis points year over year but still comparatively high at 90.3 percent.
Annapolis, Md. —
Occupancy rates fell for independent
living and rose for assisted
living in the second quarter of 2010, while the pace of rent growth slowed markedly, according to NIC MAP, a data and analysis service of the National Investment Center for the Seniors Housing & Care Industry (NIC).
Conversely,
occupancy rates fell to 87.4 % for independent
living properties during the second quarter of 2010, down from 87.5 % in 1Q10 and 88.0 % a year ago.
After seeing the average
occupancy rate rise slightly for seniors housing (both independent
living and assisted
living properties) during the 3Q09, it fell to 88.2 % during the 4Q09.
The average
occupancy rate for assisted
living properties in 2Q10 was 88.3 %, up from 87.8 % in 1Q10 and a year ago, in 2Q09.
«The quarterly decline in the
occupancy rate for assisted
living stemmed from a marked slowdown in first - quarter absorption as well as less inventory growth,» says Beth Burnham Mace, chief economist of NIC.
In terms of the two property types that comprise seniors housing, the 1Q11
occupancy rate for assisted
living properties was unchanged from the previous quarter at 88.4 %, while independent
living properties rose from 87.3 % to 87.7 % in the same time period.
«Although the
occupancy rate for independent
living is still declining, there are some signs that it may be at or nearing its cyclical bottom,» said Michael Hargrave, vice president — NIC MAP.
This dedication to residence
life combined with an integrated marketing approach results in a nearly 97 %
occupancy rate, industry - leading resident renewal
rates, and low maintenance costs thanks to satisfied residents.
When the 12 Oaks Senior
Living management company of Dallas took over the management of four senior properties in El Paso, TX,
occupancy rates were slipping badly and telltale signs of neglect -LSB-...]
The
occupancy rate for independent
living did recover 30 basis points in the fourth quarter of 2010 to 84.6 %, but that's still well below 2007 levels [Figure 2].
In comparison, the
occupancy rate for independent
living was significantly higher at 90.6 percent in the second quarter, according to NIC.
The
occupancy rate for independent
living units declined from 91.5 % in the third quarter of 2007 to 84.3 % in the third quarter of 2010, a drop of 720 basis points.
Mean
occupancy rates were down slightly from the third to the fourth quarters of 2008 for independent
living from 89 percent to 88.5 percent.
However,
occupancy rates for assisted
living, skilled nursing and continuing care retirement communities (CCRCs) held steady.
The average
occupancy rate for independent
living properties is now 1.7 percentage points above its cyclical low, while the
occupancy rate for assisted
living properties is 1.5 percentage points above its cyclical low.
The
occupancy rate for assisted
living was down 0.7 percentage point from the first quarter and down 1.4 percentage point from year - earlier levels.
The
occupancy rate for assisted
living was down 0.7 percentage point from the fourth quarter.
The
occupancy rates for independent
living properties and assisted
living properties averaged 90.6 % and 86.5 %, respectively, during the fourth quarter of 2017.
The
occupancy rate for independent
living has been higher than that of assisted
living since 2012 when it was nearly the same.
The
occupancy rate for assisted
living was down 1.3 percentage point from year - earlier levels.