Saturday, July 16, 2016

Senior housing construction rising in Southwest Florida

http://www.naplesnews.com/story/news/local/2016/07/16/senior-housing-construction-rising-southwest-florida/87029908/

The Moorings at Grey Oaks which is still under construction went up just down the street from where I live. It seems there is a lot of demand which only makes sense based on Naples Demographics. The demand for luxury is there as well!

By the end of June, there were senior housing projects with 1,245 beds were under construction in the Fort Myers region compared to 415 beds in projects under construction in Naples, according to the National Investment Center for Seniors Housing & Care (NIC), an industry leader in senior housing issues.

Naples experienced an 88 percent occupancy rate for its 4,394 beds. There were 540 unoccupied beds at the time of the survey, according to the data. The national group tracks 23 senior living properties in Naples with 25 or more beds.

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