How to Navigate the Growth of the Region’s Booming Markets

According to Curbed, the number of households aged 70-79 will hit 10.7 million by 2038. Because of this, the senior housing and care sector continues to be a standout investment choice, driven by strong demographics. In fact, senior housing is considered to be the best investment among residential asset classes, according to a recent report from PWCdata. Baby boomers are aging, approaching the need for senior living facilities, creating ample opportunities for developers and investors!

Today’s seniors want to remain connected, in-the-know, and close to where the activity is. In fact, in the last 2-3 years, we’ve seen a growing population of senior citizens moving closer to neighborhoods typically occupied by millennials. Senior citizen demands are also changing, and this is reflected in the large variety of amenities offered at senior housing developments. Tech, fitness, and walkability are becoming more and more important to this growing population.

However, there is a major issue regarding senior housing, and that’s affordability. As the area becomes more population, the cost of living becomes more expensive. There is a growing number of seniors who are unable to afford living in a new and existing senior housing communities.

While growth presents opportunities for developers looking to build big and new, it also presents it’s own unique set of challenges, like the need for affordable housing options. So how are city officials and developers tackling this major challenge? Where do experts predict development and investment trends are headed in the next 5-10 years? How will the demands and needs of senior citizens continue to evolve? Join us as we dive into the region’s booming healthcare and senior housing markets, forecast its future and strategize how to make the most of its growth.

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