Assisted Living Construction Stays Hot, but Focused in Certain Markets

While assisted living construction activity is not slowing down, it is taking place more so in centralized areas, according to the latest analysis from the The National Investment Center for the Seniors Housing & Care Industry.

The number of assisted living units under construction continues to grow, with that number showing a 2% uptick in the third quarter over the previous quarter of 2013 and up 39% from its year-ago level. 



However, some markets are seeing more construction than others, according to NIC MAP31. 

“While aggregate construction activity continued to accelerate, some metropolitan markets represented an inordinate share of the total,” NIC wrote in a recent newsletter charting its findings.

Among the 31 markets covered in NIC MAP31, those with the largest number of units under construction were Houston and Minneapolis, each with more than 1,000 units under construction and amounting to more than 20% of assisted living construction nationwide. 


Other markets of note included Phoenix, with 858 units, Chicago with 676 units and Boston with 675 units under construction. 

Several markets lagged overall, with four experiencing no new construction among assisted living communities. Ten of the metro areas covered under NIC Map had fewer than 100 assisted living units under construction during the third quarter. 

View the NIC Insider report

Written by Elizabeth Ecker

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