Retirement Communities in California
The Retirement Communities industry in California has experienced healthy growth over the five years to 2017. Growth in the population of senior adults has boosted demand for industry services. In addition to favorable demographic trends, rising home prices and disposable income have provided senior adults with more resources to be able to afford monthly resident fees or entrance fees, encouraging them to move into retirement communities. Over the five years to 2022, the industry is poised for strong growth. The expanding population of aging baby boomers, coupled with rising home prices and disposable income, will drive industry growth. In light of surging demand, industry operators will bolster their construction efforts and open new facilities to maintain healthy occupancy rates.
This industry provides residential and personal care services for the elderly and other individuals who are unable to fully care for themselves or who desire to live in a community facility. The industry excludes companies that predominantly provide inpatient nursing, skilled nursing or rehabilitative services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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