The silver tsunami is beginning to crash down on Boston, and developers are looking to meet the rising demand for senior housing in response.
The occupancy rate of senior housing properties in Boston was 94% in the first quarter, the highest of 31 primary U.S. markets tracked by senior housing data firm NIC MAP. But the high cost of constructing and operating these properties has brought construction to its lowest point in more than a decade.
Developers at Bisnow’s Northeast Senior Housing Conference last week said the need for more senior housing development is becoming crucial to alleviate the supply and demand pressures in…​