The occupancy price inside majority unbiased living organizations fell simply 0.2% final month. It was a brand new low of 82.5%, however the drop was the smallest month-over-month decline since March 2020, when the pandemic started and unbiased living occupancy sat at 89.7%.
That’s in line with the newest intra-quarterly NIC MAP data powered by NIC MAP Vision, launched Tuesday.
Within majority assisted living properties, the occupancy price dropped simply 0.3% for the February reporting interval, lower than the 1.2% drop recorded in January however the identical as December. The all-occupancy price for this sector now sits at 76.1%, in line with the report.
The launch additionally confirmed that stock amongst unbiased living inside the NIC MAP main markets is up 2.4% in contrast with a yr in the past, whereas assisted living stock has elevated by 2.9%. Cleveland has seen the most important unbiased living occupancy decline since March 2020, reporting a decline of 13.9% to a February occupancy price of 77.5%.
“The drop is basically defined by sturdy progress in stock from yr-earlier ranges,” the report authors wrote.