How Aging Baby Boomers Could Impact CRE

DEMOGRAPHIC TRENDS: BABY BOOMER AGING​

11,000 Baby Boomers Expected To Retire Everyday in 2024​

• Brain drain is likely to occur as some of the most skilled laborers in the economy transition out of full-time work​

• At the same time, the aging population will bolster some types of select CRE space demand​

Select Industries Face Sharper Talent Loss​

• Older workers are a significant portion of laborers in industries such as construction, agriculture and manufacturing​

• These industries could struggle to maintain productivity levels during the wave of retirements​

Medical Office and Seniors Housing Demand To Rise​

• As baby boomers age into their late 60’s and early 70’s, total doctors visits and demand for assisted living will increase​

• Both sectors have recorded slow development of new space  in recent years, further raising the outlook for existing builds​

*Median age as of 2023;
Sources: Marcus & Millichap Research Services, U.S. Census Bureau, National Center For Assisted Living​

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