SENIOR HOUSING DEMANDS
A recent article in “Commercial Property News” reports that by 2010 there will be 100 million people in the U.S. over 50 and that seniors are more active than earlier generations and are demanding different kinds of retirement housing than in the past.
The senior’s housing industry is changing from a need-driven market to a choice-driven model according to the article. Today’s seniors expect more choices and are looking for larger living units with more amenities including spa/wellness centers, media rooms and theaters, libraries, off site transportation and internet access.
They are also more inclined to stay close to their friends and families instead of moving away to areas such as Florida which have attracted many retirees in the past. They want to be able to live an independent lifestyle but still be close to areas and facilities that they are familiar with.
Obviously if these trends continue they will affect the migration patterns within the states.
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