Seniors housing property values likely to rise 3% in the next year: investor survey
More than six months into a recession caused by the global COVID-19 pandemic, investors have mixed views on the future of commercial real estate, including senior housing. That’s according to the newly released National Real Estate Investor/Marcus & Millichap Investor Sentiment Survey.
Specifically, the survey found that investors believe property values over the next 12 months are anticipated to rise by an average of 3% within seniors housing. That’s a smaller increase than that expected within industrial (5.7%), self-storage (5.6%) and apartments (5.1%). Hotels, retail and office, however, are expected to see drops in their property values of 7.7%, 6.8% and 5% respectively.
Almost 700 private investors and developers of commercial real estate participated in the survey, which was conducted Aug. 20 to 30.