The Smith Letter

The Smith Letter

Why More People Are Moving Back to Cities

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The Smith Letter
Mar 03, 2025
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WHAT’S MOVING THE MARKET

  • Senior housing demand keeps climbing. Occupancy rates rose by 0.7 percentage points in Q4 2024, continuing an upward trend since 2021, driven by strong demand and limited new construction. With 1 million more 80+ households expected by 2026 and 2 million by 2029, rates are projected to exceed 90% by late 2026. Boston, Baltimore, …

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