The outlooks for both occupancy rates and rents eroded considerably in this year’s survey compared to the past two years.
Overall, 46.0 percent anticipate no change in regional occupancies
over the next 12 months, while 22.3 percent expect occupancy rates to
increase. (The percentage of respondents expecting occupancy rates to
fall jumped up from 15.9 percent in 2016 and 8.9 percent in 2015). In
addition, 31.7 percent expect occupancy rates to rise, a marked decline
from the 41.2 percent who expected occupancies to rise in 2016 and 55.3
percent who said so in 2015.. . . more