Retire AZ Style News

Demand for Retirement Communities Growing in Arizona

August 12th, 2017 5:27 PM by Sharon Mason

Demand for Retirement Communities Growing in Arizona

Households age seventy-five and up in the United States are expected to grow forty-nine percent between 2020 and 2030, and despite there being several providers in the West Valley, average occupancy is above ninety percent for many, according to Vicky Ullery, marketing director for the Royal Oaks retirement community in Sun City, Arizona.

“The aging population is driving demand for senior living,” Ullery stated. “Although there are already several new communities that have recently opened and more under construction, over saturation will likely not occur in part due to the different socio economic markets each targets.”

Retirement and assisted living communities have continued to play a larger role in caring for the elderly in the past ten years and that role continues to grow. And there is likely room for growth in the middle- and lower-income markets. Communities not in campus settings — like Arizona Traditions, Happy Trails, Sun City Grand, Sun City West, Sun City, Ventana Lakes and Westbook Village — also see the competition for residents, but officials believe continued upgrades will keep residents buying in their communities.

“The field is always changing as new residents move into retirement,” stated Katy O’Grady, Recreation Centers of Sun City West operations services officer. “We strive to keep up with those changing desires, without forgetting our base.” Additionally, RCSC officials stay in tune with other retirement communities across the nation as to what they are doing and adding to their list of activities and amenities. RCSCW official maintain membership in recreation associations to help stay abreast to changing trends. They also watch what their competition in the age-restriction arena is doing as well.

Throughout the Valley, there are a variety of retirements community styles designed to meet the growing needs of aging adults. Campus-style retirement communities provide activities and amenities, but also health care and meal options. City-style communities are designed for people who still live independently in their own homes, with activities and amenities the only offerings from the management agency. However, both types of retirement communities face the competition for residents and the same need to maintain upgraded offerings.

If you’d like to learn more about Sun City local news or if you’re seeking the perfect Arizona retirement community to call home, please contact Sharon Mason today.

Your Arizona Retirement Expert,
Sharon Mason
RE/MAX Professionals
623-810-9988
www.RetireArizonaStyle.com
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