Assisted Living Construction Lagging Behind Baby Boomer Demand

Atlanta, GA, April 27, 2011 --( A leading analyst on assisted living and senior housing predicted on the Commercial Real Estate Show that baby boomers could be in trouble when they start looking for assisted living facilities — unless construction increases rapidly.

“Are we building enough to meet the levels of demand? I think the simple answer is probably not,” Mike Hargrave, Vice President of the National Investment Center for the Seniors Housing and Care Industry, told radio host Michael Bull. “We’re looking at long, sustained growing demand starting in 2015 and construction has to pick up in order to meet the demand.”

According to Hargrave, construction on new units for seniors housing is down 75 percent. With construction on new units continuing to dip, available space is barely meeting current demand from the market. And as baby boomers inch closer toward their twilight years, the need will continue to increase.

The show aired Saturday on Biz 1190 WAFS in Atlanta.

The next Commercial Real Estate Show will air April 30 and will include guests from the largest market data and research firms in the industry. Guests will include Dan Fasulo, managing director at Real Capital Analytics; and Chris Mack, senior real estate strategist at CoStar Group.

About the “Commercial Real Estate Show”:

The “Commercial Real Estate Show” is America’s commercial real estate talk radio show. The show is known as an entertaining and enlightening resource about commercial real estate. The show airs every Saturday morning at 10AM EST online at the show website, and on Biz 1190 WAFS in Atlanta. Show podcasts are available on-demand at any time worldwide on iTunes and on the website. The “Commercial Real Estate Show” has quickly gained a national and international audience. Each show starts with a commercial real estate market update related to the show topic by well-known national experts. Then the show host and a panel of three to four industry expert guests share information, insight and best practices related to each show’s main topic. The show host is 30-year commercial real estate veteran Michael Bull, CCIM, the president and founder of commercial brokerage firm Bull Realty, Inc.

Wilbert News Strategies
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