Des Moines 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

3,844 Units

Planned

3,202 Units

Under Construction

1,796 Units

UC/Lease-Up

2,384 Units

Rental Category

Pre-lease Absorption Rate by Month

Multifamily Starts

Submarket Breakdown

Des Moines 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 StatusStart of Const. DateForecasted Completion DateStart of Rent-Up
11 - NorwalkAllure at 57, The2730 Jacobin StreetNorwalkIA50211108UC/Lease-Up03/25/202203/31/202401/01/2024
18 - DallasConverge NW350 NW 6th StreetWaukeeIA50263213UC/Lease-Up02/20/202303/31/202501/01/2024
7 - West Des MoinesPlatinum Pointe128 South Marigold AvenueWest Des MoinesIA5026666UC/Lease-Up11/22/202203/31/202411/06/2023
18 - DallasFireside at Waukee200 NW 2nd StreetWaukeeIA50263283UC/Lease-Up05/04/202312/31/202410/01/2023
9 - Johnston59th Avenue Senior Lofts4720 NW 59th AvenueJohnstonIA5013151UC/Lease-Up12/07/202202/29/202409/11/2023
7 - West Des MoinesPavilion Park9125 Calvin DriveWest Des MoinesIA5026670UC/Lease-Up06/15/202203/31/202409/11/2023
7 - West Des MoinesCunningham, The950 Jordan Creek PkwyWest Des MoinesIA50266199UC/Lease-Up07/11/202207/31/202409/05/2023
1 - Des Moines - CentralLevel220 Maple StreetDes MoinesIA50309114UC/Lease-Up12/22/202103/31/202409/01/2023
18 - DallasPitch, The705 NW 2nd StreetWaukeeIA50263162UC/Lease-Up04/14/202311/30/202407/26/2023
10 - AnkenySterling at Prairie Trail North, The1103 SW 11th LaneAnkenyIA50023400UC/Lease-Up02/10/202212/31/202406/27/2023
7 - West Des MoinesFountain Terrace655 South 88th StreetWest Des MoinesIA50266146UC/Lease-Up10/31/202212/31/202406/22/2023
9 - JohnstonJohnston Crossing5409 NW Johnston DriveJohnstonIA50131100UC/Lease-Up10/23/202102/29/202411/01/2022
18 - DallasRedwood Waukee Hickman Road395 NW Blackberry StreetWaukeeIA50263101UC/Lease-Up02/14/202203/31/202405/02/2022
1 - Des Moines - Central216 East Court Avenue216 East Court AvenueDes MoinesIA5030964Prospective
1 - Des Moines - CentralUnion at Rivers Edge214 Jackson AvenueDes MoinesIA50315216Planned
3 - Des Moines - EastMaple Ridge5040 Maple DrivePleasant HillIA5032750Prospective
4 - Des Moines - South1661 County Line Road1661 County Line RoadDes MoinesIA5032150Prospective
4 - Des Moines - SouthAHEPA 192 IV6705 SE 5th StreetDes MoinesIA5031590Planned
4 - Des Moines - SouthAkona Hills7221 SE 5th StreetDes MoinesIA50315120Planned
8 - UrbandaleWaterfront Flats142nd Street & Douglas PkwyUrbandaleIA5032350Prospective
18 - DallasCounty RidgeGranite Circle & Ridge RoadAdelIA5000393Prospective
12 - WaukeeConverge NW Phase IINorth 10th Street & NW Sunrise DriveWaukeeIA50263256Planned
1 - Des Moines - Central215 SW 9th Street215 SW 9th StreetDes MoinesIA5030966Prospective
1 - Des Moines - Central909 Raccoon Street909 Raccoon StreetDes MoinesIA5030960Prospective
1 - Des Moines - CentralFifth, The422 Walnut StreetDes MoinesIA50309201Prospective
1 - Des Moines - CentralMarket District RedevelopmentNWC East 14th Street & East Walnut StreetDes MoinesIA50309100Prospective
1 - Des Moines - CentralMeridian at Gray's Landing, TheSW 11th Street & Murphy StreetDes MoinesIA50309174Under Construction06/12/202312/31/2024
1 - Des Moines - CentralMiesblock665 Grand AvenueDes MoinesIA5030975Prospective
1 - Des Moines - CentralNorthwest25th Street & Carpenter AvenueDes MoinesIA50311116Planned
1 - Des Moines - CentralSlate Phase II400 SW 11th StreetDes MoinesIA50309120Prospective
1 - Des Moines - CentralTwo Ruan Center Redevelopment601 Locust StreetDes MoinesIA50309200Prospective
5 - Des Moines - NorthwestWindsor, The1134 63rd StreetDes MoinesIA50324105Planned
7 - West Des Moines11040 Hickman Road11040 Hickman RoadCliveIA50325120Prospective
7 - West Des MoinesJordan RidgeBooneville Road & South Jordan Creek PkwyWest Des MoinesIA50266657Planned
7 - West Des MoinesKeystone on 8th Phase I & II1261 8th StreetWest Des MoinesIA5026583Planned
7 - West Des MoinesPicket Fence CommunitiesSouth 88th Street & Mills Civic PkwyWest Des MoinesIA50266243Planned
7 - West Des MoinesVillage at Sugar CreekSouth 88th Street & Booneville RoadWest Des MoinesIA50266408Planned
7 - West Des MoinesVillage of Ponderosa565 Market StreetWest Des MoinesIA50266116Under Construction01/16/202303/31/2024
7 - West Des MoinesWest Glen North Village450 South Prairie View DriveWest Des MoinesIA50266184Under Construction11/05/2023
8 - UrbandaleLoop, TheNW 100th Street & Plum DriveUrbandaleIA50322174Planned
9 - JohnstonBrookside VillageNorth Beaverbrooke Blvd & NE Silkwood StreetGrimesIA50111323Under Construction08/29/202312/31/2025
9 - JohnstonRoughwoodNW 53rd Place & NW 86th StreetJohnstonIA50131103Prospective
10 - AnkenyAttivo Trail in Ankeny Phase II1010 SW Magazine RoadAnkenyIA50023110Planned
10 - AnkenyAttivo Trail in Ankeny Phase III1010 SW Magazine RoadAnkenyIA5002371Prospective
10 - AnkenySavannah at AnkenyNW 18th Street & NW Weigel DriveAnkenyIA50023226Prospective
11 - NorwalkBrody's Landing South2710 Jacobin DriveNorwalkIA5021154Prospective
12 - WaukeeHalston Square at KettlestoneSE Parkview Crossing Drive & SE Westown PkwyWaukeeIA50263225Prospective
12 - WaukeeLaunch at Kettlestone3207 Ashworth RoadWaukeeIA5026392Under Construction09/26/202312/31/2024
12 - WaukeeLolowau LoveSE Parkview Crossing Drive & SE Westown PkwyWaukeeIA50263100Planned
12 - WaukeePeak at Kettlestone Phase II, The1305 SE Pleasant View DriveWaukeeIA50263246Prospective
12 - WaukeePeak at Kettlestone, The1305 SE Pleasant View DriveWaukeeIA5026384Under Construction07/10/202312/31/2024
12 - WaukeeWest LightSE Brick Drive & Hickman RoadWaukeeIA50263174Under Construction03/01/202307/31/2024
13 - GrimesHope DistrictNE Beaverbrooke Blvd & NE Heritage DriveGrimesIA50111400Planned
14 - PolkGateway CrossingsNW 126th Avenue & NW Sheldahl DrivePolk CityIA50226380Prospective
18 - DallasFireside at Waukee Phase II200 NW 2nd StreetWaukeeIA50263260Prospective
18 - DallasPainted Woods West6th Street & Indian Ridge DriveWaukeeIA50263151Planned
18 - DallasSouth 60, TheNW 17th Street & NW Ivy RoadWaukeeIA50263240Prospective
18 - DallasStratford Pointe191 NW Lexington DriveWaukeeIA50263149Under Construction10/21/202202/29/2024
1 - Des Moines - Central418 East Grand418 East Grand AvenueDes MoinesIA50309132Planned
1 - Des Moines - Central515 Walnut Tower515 Walnut StreetDes MoinesIA50309390Under Construction11/12/202310/31/2025
1 - Des Moines - CentralAston, The603 East 6th StreetDes MoinesIA50309186Planned
1 - Des Moines - CentralDeco, The1301 Mulberry StreetDes MoinesIA5030981Planned
1 - Des Moines - CentralFalcon1435 Mulberry StreetDes MoinesIA50309202Prospective
1 - Des Moines - CentralHigh Street Lofts1601 High StreetDes MoinesIA5030991Prospective
1 - Des Moines - CentralTempo317 East 6th StreetDes MoinesIA50309110Under Construction12/07/202203/31/2024
2 - Des Moines - NorthHilltop Phase III3722 Hubbell AvenueDes MoinesIA5031778Prospective
12 - WaukeeKettlestone PrairieSE Esker Ridge Drive & Grand Prairie PkwyWaukeeIA50263118Prospective

RETURN TO
NATIONAL MAP

METHODOLOGY

Image of BJ

BJ Connolly

Senior Director

bj.connolly@mmgrea.com

Zach Schneider

Zach Schneider

Associate Advisor

zach.schneider@mmgrea.com

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder

alex.blagojevich@mmgrea.com

Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder

michael.sullivan@mmgrea.com

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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.