Northwest Arkansas Construction Pipeline 1Q24

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction or in lease-up

# 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

Prospective

6,418 Units

Planned

3,923 Units

Under Construction

2,957 Units

UC/Lease-Up

2,359 Units

Rental Category

Pre-lease Absorption Rate by Month

Multifamily Starts

Submarket Breakdown

Northwest Arkansas Construction Pipeline

The information provided in this construction pipeline map is obtained from CoStar. 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

SubmarketProperty NameAddressCityStateZIPUnit CountProperty Status
10 - Rogers - WestBeen Road Villas9549 Glen RoadBentonvilleAR72713113UC/Lease-Up
9 - Rogers - NorthJunction at Rogers, The700 North 40th StreetRogersAR72756226UC/Lease-Up
8 - Rogers - SouthGrafton, The2701 South 55th StreetRogersAR72758285UC/Lease-Up
4 - Fayetteville - NortheastTrails at Paradise Valley, The3911 North Old Missouri RoadFayettevilleAR72703240UC/Lease-Up
8 - Rogers - SouthBend on Promenade, The4401 West Cedar Brooke LaneRogersAR72758160UC/Lease-Up
16 - Fort Smith - NorthElectric Park3816 North 43rd StreetFort SmithAR7290456UC/Lease-Up
9 - Rogers - NorthMammoth at the Orchard400 North 35th StreetRogersAR7275664UC/Lease-Up
5 - Springdale - EastAvenue Electric1734 Kingsley CircleSpringdaleAR7276480UC/Lease-Up
8 - Rogers - SouthDodson Pointe Apartment Homes6000 West Stoney Creek DriveRogersAR72758240UC/Lease-Up
8 - Rogers - SouthGreens on Blossom Way Phase II, The2808 South 28th PlaceRogersAR72758270UC/Lease-Up
6 - Springdale - WestHillcrest Village3958 Cornell DriveSpringdaleAR72762157UC/Lease-Up
16 - Fort Smith - NorthBricks at Brunwick, The101 North 11th StreetFort SmithAR7290166UC/Lease-Up
9 - Rogers - NorthTown Branch300 SE D StreetBentonvilleAR72712360Under Construction
2 - Fayetteville - SouthSouth Yard Lofts404 West Streamside BendFayettevilleAR72701128UC/Lease-Up
5 - Springdale - EastTalmoore Townhomes, The2093 Oriole StreetSpringdaleAR7276450UC/Lease-Up
2 - Fayetteville - SouthMeadows at Fayetteville1237 East Clarence Craft DriveFayettevilleAR7270180Under Construction
3 - Fayetteville - WestCobblestone FarmNorth 54th Avenue & West Wedington DriveFayettevilleAR7270489Under Construction
5 - Springdale - EastSpring Creek VillageEast Emma Avenue & McCollough DriveSpringdaleAR7276480Planned
9 - Rogers - NorthSE S Street & SE St Andrews BlvdSE S Street & SE St Andrews BlvdBentonvilleAR72712100Planned
9 - Rogers - NorthShane Tyson's Place700 North 24th StreetRogersAR7275660Planned
9 - Rogers - NorthSOMO Artspace Lofts701 SE 8th StreetBentonvilleAR7271250Planned
10 - Rogers - WestMcAuley PlaceSW 41st Street & SW I StreetBentonvilleAR7271360Prospective
10 - Rogers - WestMcAuley Place Phase IISW 41st Street & SW I StreetBentonvilleAR7271378Prospective
11 - Siloam SpringsDogwood Terrace1201 South Holly StreetSiloam SpringsAR72761112Under Construction
11 - Siloam SpringsOrchards of GentryCherry Avenue & Redbud StreetGentryAR72734140Prospective
11 - Siloam SpringsSager Creek Crossing Phase II801 East Lake Francis DriveSiloam SpringsAR7276150Prospective
16 - Fort Smith - NorthKinkead Village3600 Kinkead AvenueFort SmithAR72903145Under Construction
2 - Fayetteville - SouthUniversity Lofts at the Sanctuary653 West 15th StreetFayettevilleAR72701162Prospective
3 - Fayetteville - West3581 West Mt. Comfort Road3581 West Mt. Comfort RoadFayettevilleAR72704329Prospective
3 - Fayetteville - WestAronson, The3552 State Highway 112FayettevilleAR72704214Planned
3 - Fayetteville - WestJunction at Shiloh, The1751 North Shiloh DriveFayettevilleAR72704177Planned
3 - Fayetteville - WestRamsey VillageNEC North Heritage Avenue & West Wedington DriveFayettevilleAR7270455Planned
3 - Fayetteville - WestUnderwood Park2514 West Lori DriveFayettevilleAR72704602Prospective
4 - Fayetteville - NortheastBrentwood VillageHylton Road & Julio RoadSpringdaleAR72764463Planned
4 - Fayetteville - NortheastClaude, TheEast Georgetowne Square Drive & North Shiloh DriveFayettevilleAR72703208Planned
4 - Fayetteville - NortheastPointe Fayetteville685 West Van Asche DriveFayettevilleAR72704422Prospective
4 - Fayetteville - NortheastTrails on the CreekKitty Creek Trail & Mud Creek TrailFayettevilleAR72703324Under Construction
5 - Springdale - EastBerryfield Phase II2353 North Lowell RoadSpringdaleAR7276450Planned
5 - Springdale - EastClear Creek400 Sanders AvenueSpringdaleAR72764372Prospective
5 - Springdale - EastRaintree Phase I & II1509 South West End StreetSpringdaleAR7276456Planned
5 - Springdale - EastVia Emma505 East Emma AvenueSpringdaleAR72764131Under Construction
5 - Springdale - EastWest End TownhomesWesley Avenue & South West End StreetSpringdaleAR7276465Prospective
5 - Springdale - EastWhitney Place1506 South Powell StreetSpringdaleAR72764120Under Construction
6 - Springdale - WestRamsay, The1415 Oak Grove RoadSpringdaleAR72762272Planned
7 - Rogers - EastFirst Street Flats401 North 1st StreetRogersAR72756121Under Construction
8 - Rogers - SouthATRE 28th Street5308 South 28th StreetRogersAR72758248Planned
8 - Rogers - SouthCottages at BellviewWest Baltimore Drive & South Bellview RoadRogersAR72758153Planned
8 - Rogers - SouthDistrict, The4301 South JB Hunt DriveRogersAR7275850Planned
8 - Rogers - SouthGreens at Lowell, TheSouth Dixieland Road & West Monroe AvenueLowellAR72745336Planned
8 - Rogers - SouthMaison 264264 Bellview StreetLowellAR72745248Planned
8 - Rogers - SouthPinnacle Lofts5723 West Stoney Brook RoadRogersAR72758358Prospective
8 - Rogers - SouthPinnacle Springs1750 South Osage Springs DriveRogersAR72758350Planned
8 - Rogers - SouthPinnacle VillageNEC West Highland Knolls Road & South Pinnacle Hills PkwyRogersAR72758500Planned
8 - Rogers - SouthPlaza at Pinnacle Hills, The5501 West Northgate RoadRogersAR72758304Under Construction
8 - Rogers - SouthPleasant Crossing GardenSouth Dixieland Road & Pleasant Crossing BlvdRogersAR7275888Prospective
8 - Rogers - SouthPointe at Rogers Phases II - IV, TheSouth Champions Drive & West Pleasant Grove RoadRogersAR72758100Prospective
8 - Rogers - SouthPointe at Rogers, TheSouth Champions Drive & West Pleasant Grove RoadRogersAR72758412Planned
8 - Rogers - SouthReserve at Dixieland2002 South Dixieland RoadRogersAR72758236Under Construction
8 - Rogers - SouthSouth Rainbow RoadSE Plaza Avenue & South Rainbow RoadRogersAR7275874Prospective
8 - Rogers - SouthTrails at Lowell, TheSouth Dixieland Road & South Pleasant Crossing BlvdRogersAR72758441Prospective
8 - Rogers - SouthVillas on Turtle Creek201 South 34th StreetRogersAR72756298Under Construction
9 - Rogers - North3509 East Central Avenue3509 East Central AvenueBentonvilleAR72712254Prospective
9 - Rogers - NorthCentral & BattlefieldEast Battlefield Blvd & East Central AvenueBentonvilleAR72712545Prospective
9 - Rogers - NorthL Street3320 SE L StreetBentonvilleAR7271254Planned
9 - Rogers - NorthLanterns at 4th1003 SE 4th StreetBentonvilleAR72712160Prospective
9 - Rogers - NorthMain and A1229 SW A StreetBentonvilleAR72712221Prospective
9 - Rogers - NorthMidcity CommonsSE 28th Street & SE John Rollow DriveBentonvilleAR72712236Prospective
10 - Rogers - West102 WestSW 14th Street & Lindy LaneBentonvilleAR72712408Under Construction
10 - Rogers - WestAdams Road & Regional Airport Blvd TownhomesNWC SW Adams Road & SW Regional Airport BlvdBentonvilleAR72712100Prospective
10 - Rogers - WestColer Crossing220 North Walton BlvdBentonvilleAR7271260Under Construction
10 - Rogers - WestCottages at Simpson FarmsHighway 112 & Scoggins RoadCave SpringsAR72718322Prospective
10 - Rogers - WestCottages at Tara RidgeSouth Rainbow Road & SE Tara RidgeBentonvilleAR72712201Under Construction
10 - Rogers - WestDunes at Prairie Valley, TheBuckhorn Flats Road & Kimmel RoadBentonvilleAR71272515Prospective
10 - Rogers - WestLumen307 South Walton BlvdBentonvilleAR72712252Under Construction
10 - Rogers - WestMayflower Road1904 Mayflower RoadBentonvilleAR72712498Prospective
10 - Rogers - WestReserve at Bentonville, TheNWC Greenhouse Road & SW Regional Airport BlvdBentonvilleAR72712312Under Construction
10 - Rogers - WestWalnut GroveSW Barron Road & Piercy RoadBentonvilleAR72712310Prospective
11 - Siloam SpringsDogwood Place21000 State Route 16Siloam SpringsAR72761126Prospective
11 - Siloam SpringsReserve, The420 North Simon Sager AvenueSiloam SpringsAR7276150Prospective
11 - Siloam SpringsSouth Waukesha Road2500 Waukesha RoadSiloam SpringsAR7276168Prospective
5 - Springdale - EastBig Emma617 East Emma AvenueSpringdaleAR7276477Planned
9 - Rogers - NorthCrystal Flats Phase II1401 NE John Deshields BlvdBentonvilleAR72712190Under Construction

RETURN TO
NATIONAL MAP

METHODOLOGY

Doug Dedmon

Doug Dedmon

Senior Director

doug.dedmon@mmgrea.com

Alex-Blagojevich-2.jpg

Alex Blagojevich

Executive Managing Director & Founding Partner

alex.blagojevich@mmgrea.com

Michael-Sullivan-1.jpg

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.