Little Rock Construction Pipeline 3Q23

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction

# 0

rank*

1 = Highest Share of Inventory UC

0

units delivering in next 4q

0

delivered in the last 4q

* Rank is based on the share of inventory (Units Under Construction/existing inventory) for the largest 150 Markets

Construction Pipeline

Pre-Planned

1,164 Units

Under Construction

1,247 Units

Lease-Up

393 Units

Building Style

1,490

Garden-style
Units Under Construction

150

Single-Family
Units Under Construction

Demand v Completion

Submarket Breakdown

249 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
-26224939

283 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
17628354

638 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
116263390

434 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
262434414

Little Rock Construction Pipeline

The information provided in this construction pipeline map is obtained from RealPage. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.
Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

Full Data Table

Property NameSubmarketAddressCityStateZIP CodeProperty StatusConstruction Start Date (in quarters)Construction Finish Date (in quarters)Total UnitsProperty Structure
Gateway WoodsCentral Little Rock/Southeast Pulaski County11420 Bass Pro PkwyLittle RockAR72209Under Construction/Lease-Up10/01/202101/01/2024249Garden
Artisan on CollinsDowntown Little RockE 4th St & Rector StLittle RockAR72202Pre-Planned80Garden
Fitzroy RiverdaleDowntown Little RockCedar Hill Rd & Riverfront DrLittle RockAR72202Under Construction10/01/202107/01/2024283Garden
SylvanaNorth Little Rock/Jacksonville/ConwayRiver Rd & Paul Duke DrNorth Little RockAR72114Pre-Planned167Garden
The Resort at RockwaterNorth Little Rock/Jacksonville/ConwayW Riverfront Dr & Rockwater BlvdNorth Little RockAR72114Under Construction09/01/202210/01/2024360Garden
The Skyline at North HillsNorth Little Rock/Jacksonville/Conway3000 N Hills BlvdNorth Little RockAR72116Under Construction01/01/202309/01/2024278Garden
Hamilton StationWest Little Rock/Saline County14810 Cantrell RdLittle RockAR72223Pre-Planned250Garden
Hampton Astoria IIWest Little Rock/Saline County22901 Chenal Valley DrLittle RockAR72223Under Construction/Lease-Up03/01/202209/01/2023144Garden
Landmark IIWest Little Rock/Saline County16000 Rushmore AveLittle RockAR72223Under Construction09/01/202111/01/2023176Garden
Rowan Park at Kanis IIWest Little Rock/Saline County1000 Kirby RdLittle RockAR72211Pre-Planned198Garden
The Greens at Longhills IIWest Little Rock/Saline County2600 Longhills Rd EBentonAR72019Pre-Planned181Garden
The Lofts at Kanis CreekWest Little Rock/Saline County14300 Kanis RdLittle RockAR72223Pre-Planned288Garden
Village at the Gateway IIIWest Little Rock/Saline County10 Gateway Village BlvdAlexanderAR72002Under Construction05/01/202209/01/2024150Single Family

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NATIONAL MAP

METHODOLOGY

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Holden Chavis

Associate Advisor

holden.chavis@mmgrea.com

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Alex Blagojevich

Executive Managing Director & Founding Partner

alex.blagojevich@mmgrea.com

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Michael Sullivan

Executive Managing Director & Founding Partner

michael.sullivan@mmgrea.com

We're proud to advise our clients about more than just their assets. Gain comprehensive insight into the multifamily industry with our exclusive, on demand access to actionable market intelligence.

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AS FEATURED IN

Construction Pipeline Report Methodology

Market Snapshot

Existing Units:  An estimate of the number of units in properties with 50 or more units.

Total Units Under Construction Or In Lease Up: Units being built or pre-leased as of February 2024, for projects with 50+ units.

Units Delivering in Next 4Q: Units expected to complete by the end of Q1 2025.

Share Of Existing Inventory UC: Percentage of units under construction relative to existing stock.

Construction Pipeline Status

Prospective: Early-stage project concepts.

Planned: Projects with approved conceptual plans by planning/zoning authorities.

Under Construction: Actively developed properties.

UC/Lease-Up: Properties under development and pre-leasing.

Rental Category

Discretionary: Resort-quality properties targeting high-income renters or those choosing to rent over owning.

High Mid-Range: Appeals to dual-income households with incomes similar to those in the discretionary category.

Low Mid-Range: Targets working professionals in “gray collar” jobs (e.g., police, firefighters, teachers, technicians).

Workforce: Aimed at blue-collar workers with lower incomes.

Pipeline Map & Data Table

Data sourced from Yardi Matrix. While accuracy is prioritized, the exactness of data cannot be guaranteed.

Construction Pipeline Map

The information provided in this construction pipeline map is obtained from Yardi Matrix. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.

Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.