Des Moines 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

1,838 Units

Planned

772 Units

Under Construction

3,268 Units

Lease-Up

764 Units

Building Style

2,736

Garden-style
Units Under Construction

819

Mid-rise / Hi-rise
Units Under Construction

477

Single-Family
Units Under Construction

Demand v Completion

Submarket Breakdown

782 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
663611694

72 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
22442235

0 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
165064

1,460 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
852930483

Des Moines 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
1200 Keo WayNortheast Des Moines/Ankeny1200 Keosauqua WayDes MoinesIA50309Under Construction01/01/202308/01/202437Townhome/Row Home
1301 Mulberry StreetNortheast Des Moines/Ankeny1301 Mulberry StDes MoinesIA50309Pre-Planned78Podium
215 Southwest 9th StreetNortheast Des Moines/Ankeny215 SW 9th StDes MoinesIA50309Pre-Planned60Podium
418 East Grand AvenueNortheast Des Moines/Ankeny418 E Grand AveDes MoinesIA50309Planned03/01/202410/01/2025132Garden
Forge 65Northeast Des Moines/Ankeny799 NE 60th StPleasant HillIA50327Under Construction/Lease-Up05/01/202210/01/2023162Garden
High Street Lofts EastNortheast Des Moines/Ankeny610 16th StDes MoinesIA50309Under Construction06/01/202312/01/202447Podium
LevelNortheast Des Moines/Ankeny220 Maple StDes MoinesIA50309Under Construction07/01/202111/01/2023114Podium
MiesblockNortheast Des Moines/Ankeny555 7th StDes MoinesIA50309Pre-Planned90Podium
Sterling North at Prairie Trail IINortheast Des Moines/AnkenySW State St & SW 11th StAnkenyIA50023Under Construction10/01/202208/01/2024216Garden
TempoNortheast Des Moines/Ankeny317 E 6th StDes MoinesIA50309Under Construction10/01/202207/01/2024110Podium
The AstonNortheast Des Moines/Ankeny603 E 6th StDes MoinesIA50309Planned04/01/202412/01/2025186Podium
The BlackbirdNortheast Des Moines/Ankeny515 Walnut StDes MoinesIA50309Planned10/01/202312/01/2025390Podium
The FifthNortheast Des Moines/AnkenyWalnut St & 5th AveDes MoinesIA50309Pre-Planned208Podium
The Meridian at Grays LandingNortheast Des Moines/Ankeny425 SW 11th StDes MoinesIA50309Under Construction05/01/202302/01/2025175Podium
The Ridge at Canyon LandingNortheast Des Moines/Ankeny4224 NE 17th LnAnkenyIA50021Under Construction/Lease-Up01/01/202209/01/202380Townhome/Row Home
Merge Dogtown INorthwest Des Moines/UrbandaleUniversity Ave & 24th StDes MoinesIA50311Pre-Planned114Wrap
Merge Dogtown IINorthwest Des Moines/UrbandaleUniversity Ave & 24th StDes MoinesIA50311Pre-Planned184Wrap
UA StationNorthwest Des Moines/Urbandale2211 University AveDes MoinesIA50311Planned09/01/202312/01/202424Garden
Walnut CrestNorthwest Des Moines/UrbandaleNW 156th St & Meredith DrUrbandaleIA50323Under Construction05/01/202308/01/202472Townhome/Row Home
3140 Indianola AvenueSouth Des Moines/Warren County3140 Indianola AveDes MoinesIA50315Planned11/01/202302/01/202540Townhome/Row Home
Norwalk CentralSouth Des Moines/Warren CountySunset Dr & Colonial PkwyNorwalkIA50211Pre-PlannedGarden
Brick Towne at Prairie Crossing IIWest Des Moines/Dallas County731 NE Venture DrWaukeeIA50263Pre-Planned159Garden
ConvergeNWWest Des Moines/Dallas County360 NW 6th StWaukeeIA50263Under Construction04/01/202309/01/2025459Garden
Fireside at WaukeeWest Des Moines/Dallas County200 NW 2nd StWaukeeIA50263Under Construction02/01/202310/01/2024224Garden
Fountain TerraceWest Des Moines/Dallas County655 S 88th StWest Des MoinesIA50266Under Construction09/01/202201/01/2024147Garden
Grand ExperienceWest Des Moines/Dallas CountyGrand Ave & S Jordan Creek PkwyWest Des MoinesIA50266Pre-PlannedGarden
KettlestoneWest Des Moines/Dallas County2565 SE Encompass DrWaukeeIA50263Pre-Planned87Garden
Keystone on 8th IIWest Des Moines/Dallas County1247 8th StWest Des MoinesIA50265Pre-Planned42Garden
Launch at KettlestoneWest Des Moines/Dallas CountyAshworth Rd & SE LA Grant PkwyWaukeeIA50263Under Construction05/01/202308/01/202492Townhome/Row Home
Manchester VillageWest Des Moines/Dallas County9076 Lindas LnWest Des MoinesIA50266Under Construction05/01/202203/01/202470Townhome/Row Home
Northwest 2nd Street & Northwest Compass AvenueWest Des Moines/Dallas CountyNW 2nd St & NW Compass AveWaukeeIA50263Under Construction12/01/202208/01/2024282Garden
Parkside ProperWest Des Moines/Dallas County815 NW Douglas PkwyWaukeeIA50263Pre-Planned50Garden
Pavilion ParkWest Des Moines/Dallas CountyWendover Ln & Wendover RdWest Des MoinesIA50266Pre-PlannedGarden
Perrywood IIWest Des Moines/Dallas County28th St & McKinley StPerryIA50220Under Construction09/01/202202/01/202430Garden
Polo Club IIWest Des Moines/Dallas County6201 EP True PkwyWest Des MoinesIA50266Pre-Planned26Garden
Remington PointeWest Des Moines/Dallas CountyU Ave & 11th StWaukeeIA50263Pre-PlannedGarden
RialtoWest Des Moines/Dallas CountyNW Douglas Pkwy & N 10th StWaukeeIA50263Under Construction07/01/202302/01/2025126Single Family
Stratford CrossingWest Des Moines/Dallas CountyN 10th St & NW Sunrise DrWaukeeIA50263Under Construction09/01/202207/01/2024117Garden
Stratford PointeWest Des Moines/Dallas CountyNW Sunrise Dr & NW Georgetown DrWaukeeIA50263Under Construction09/01/202204/01/2024149Garden
StrathmoreWest Des Moines/Dallas County1260 S Jordan Creek PkwyWest Des MoinesIA50266Under Construction/Lease-Up11/01/201701/01/2024522Garden
The CunninghamWest Des Moines/Dallas County950 Jordan Creek PkwyWest Des MoinesIA50266Under Construction05/01/202202/01/2024199Wrap
The Peak at Kettlestone - AllureWest Des Moines/Dallas County1300 SE Pleasant View DrWaukeeIA50263Pre-Planned186Podium
The Peak at Kettlestone IWest Des Moines/Dallas County1300 SE Pleasant View DrWaukeeIA50263Under Construction06/01/202309/01/202484Garden
The Peak at Kettlestone IIWest Des Moines/Dallas County1300 SE Pleasant View DrWaukeeIA50263Pre-Planned77Garden
The PitchWest Des Moines/Dallas County705 NW 2nd StWaukeeIA50263Under Construction12/01/202204/01/2024162Garden
The ReserveWest Des Moines/Dallas County6135 Village View DrWest Des MoinesIA50266Under Construction09/01/202204/01/202466Garden
The South 60West Des Moines/Dallas CountyT Ave & Grand Army of the Republic HwyWaukeeIA50263Pre-Planned240Garden
Village at Sugar CreekWest Des Moines/Dallas CountyS 81st St & Booneville RdWest Des MoinesIA50266Pre-Planned237Garden
Village of PonderosaWest Des Moines/Dallas County545-565 Market StWest Des MoinesIA50266Under Construction08/01/202105/01/2024116Garden
Waukee on West LightWest Des Moines/Dallas CountySE Alice's Rd & Hickman RdWaukeeIA50263Under Construction11/01/202208/01/2024174Podium

RETURN TO
NATIONAL MAP

METHODOLOGY

Image of BJ

BJ Connolly

Senior Director

bj.connolly@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.

Learn More

(800) 448-4MMG

Connect with us

Join Our Email List

Linkedin-in Instagram

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.