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Senior housing project starts near Seattle as industry demand hits record high

US senior housing occupancy tops 87% in bright spot for real estate sector
Rush Companies expects to finish the senior housing development in Lake Stevens, Washington, in spring of 2026. (Rush Companies)
Rush Companies expects to finish the senior housing development in Lake Stevens, Washington, in spring of 2026. (Rush Companies)
CoStar News
October 1, 2024 | 10:07 P.M.

A Washington developer is adding to the robust senior housing pipeline near Seattle as occupancy in the sector reaches a historic high across the country, with developers betting on demand as baby boomers enter their peak retirement years.

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