Understanding the trends affecting your market is imperative as the senior living industry develops, yet each Metropolitan Statistical Area (MSA) poses its own challenges and special considerations.
To keep you informed of the market trends impacting your organization, we’ve created a new quarterly report highlighting six key senior living metrics, with data points benchmarked against the Midwest and the largest 31 MSAs across the United States for high-level comparisons.
This quarter’s market snapshot is focused on the Chicago MSA. Download the free report below.
- The senior living Chicago MSA is feeling the effects of too much supply and a slight boost in the demand for assisted living over other long-term care options, as evidenced by the low occupancy rates and high inventory numbers in AL.
- Low unemployment rates combined with low wage rates in the Chicago MSA’s senior living sector may make it challenging to attract future employees for a new project.
We expect these trends will continue to affect the senior living market for some time.
Download our market snapshot for a brief yet comprehensive market overview of the Chicago MSA: