Construction has been ramping up despite rising materials and labor costs and supply chain delays, and the Senior Living industry is no exception. However, the focus has shifted away from new development.
The types of Senior Living capital projects being undertaken in 2022 and 2023 may look different than in previous years. During our time at the 2022 Leading Age PA Annual Conference in Hershey, PA, we saw that although the Senior Living sector continues to thrive in the post-pandemic world, increased in awareness resulting from the pandemic is causing some to be cautious about new development.
Some of the future trends to look for in the senior living industry include:
If you are planning a Senior Living project — or are in the midst of one and have questions — reach out to us through the form linked below.