Orlando, Miami, Atlanta, Senior Community Construction; High Return on Investment
Senior communities in the Southeastern United States continue to have a great return on investment. There have been big changes in senior living in the last decade.
New construction has expert designs and stimulating environments. While existing communities are undergoing important renovations to ensure they meet today’s new regulations and create a welcoming feel to attract new residents.
Four Florida metro areas and two North Carolina metro areas rank in the top 10. Up from No. 2 last year, Fort Myers, Florida, tops the list due to increases in desirability, health care quality, job market strength and happiness. Sarasota, Florida, jumps from No. 3 to No. 2 this year, due to increases in desirability, health care and job market scores, despite falling in the areas of happiness and housing affordability.
In addition, two metro areas not previously ranked broke into the top five – Asheville, North Carolina, at No. 4, and Port St. Lucie, Florida, at No. 5. Both areas ranked high due to desirability and happiness scores; Asheville is also noteworthy for its affordable housing, while Port St. Lucie scored well for its retiree tax policy.
2020 U.S. News Best Places to Retire Rankings – Top 10
1. Fort Myers, FL
2. Sarasota, FL
3. Lancaster, PA
4. Asheville, NC
5. Port St. Lucie, FL
6. Jacksonville, Fl
7. Winston-Salem, NC
8. Nashville, TN
9. Grand Rapids, MI
10. Dallas-Fort Worth, TX
“Between 2010 and 2040, we predict the nation’s 65-plus population will grow by roughly 90 percent,” says Hamilton Lombard, a demographics researcher for the University of Virginia. “In some areas of the country, most of the population growth will come from retirees.”
It is important to partner with a leader in the senior housing construction industry, the success of the project depends on it. SWET Construction Group understands the design needs and trends of the demographics, allowing your property to attract and keep tenants.
SWET Construction Group works throughout the Southeastern United States. If you have any questions, please contact us.