Florida Panhandle Construction Pipeline 2Q24

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

delivered in the last 4q

0

units delivering in next 4q

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

Construction Pipeline

Prospective

10,979 Units

Planned

2,008 Units

Under Construction

3,377 Units

UC/Lease-Up

2,515 Units

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ALL REPORTS

METHODOLOGY

Rental Category

Pre-lease Absorption Rate by Month

Multifamily Starts

Submarket Breakdown

Florida Panhandle 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
3 - Coastal Bay CountyPerla2195 Wilkinson AvenuePanama City BeachFL32408336UC/Lease-up06/13/202302/28/202504/09/2024
31 - Outlying Escambia CountyEvolve8572 Myslak WayPensacolaFL32526318UC/Lease-up03/10/202311/30/202404/01/2024
10 - Walton CountyMadison at Owl's Head, The50 Sedge CircleFreeportFL32439300UC/Lease-up02/03/202302/28/202503/26/2024
10 - Walton CountyArtisan Living North Beach161 Blue Palm AvenueSanta Rosa BeachFL32459160UC/Lease-up01/02/202306/30/202401/11/2024
10 - Walton CountyCrossings at Riverwalk, The190 Riverwalk BlvdFreeportFL32439312UC/Lease-up12/05/202212/31/202401/08/2024
11 - Outlying Okaloosa CountyExchange at Crestview6260 Old Bethel RoadCrestviewFL32536362UC/Lease-up12/01/202207/31/202412/22/2023
31 - Outlying Escambia CountyMadison Shores7045 Pine Forest RoadPensacolaFL32526272UC/Lease-up03/08/202307/31/202410/09/2023
24 - Southwest PensacolaAltura13450 Perdido Key DrivePensacolaFL32507325UC/Lease-up10/30/202206/30/202407/16/2023
18 - North Santa Rosa CountyWhisper Creek Village5860 Murmur TrailMiltonFL32570130UC/Lease-up09/01/202206/30/202401/28/2023
20 - WarringtonNavy Crossing8485 US 98 HwyPensacolaFL3250673Planned
2 - Callaway - ParkerParkway Garden Redevelopment5818 East Highway 98Panama CityFL3240484Prospective
2 - Callaway - ParkerSeawind401 North Kimbrel AvenuePanama CityFL32404404Prospective
2 - Callaway - ParkerTyndall Town Center918 North Tyndall PkwyPanama CityFL32404375Prospective
2 - Callaway - ParkerVillage Retreat5417 Lake DrivePanama CityFL3240475Planned
3 - Coastal Bay CountyArris SeahavenFront Beach Road & Hills RoadPanama City BeachFL32413236Planned
3 - Coastal Bay CountyCoastal PalmsCoastal Palms Blvd & Thomas DrivePanama CityFL32408289Prospective
3 - Coastal Bay CountyColonial Landing TownhomesClara Avenue & Panama City Beach PkwyPanama City BeachFL32407176Planned
3 - Coastal Bay CountyColonial Landing Townhomes EastClara Avenue & Panama City Beach PkwyPanama City BeachFL32407158Prospective
3 - Coastal Bay CountyConservation Drive & Griffin BlvdConservation Drive & Griffin BlvdPanama City BeachFL32413100Prospective
3 - Coastal Bay CountyHathawayChip Seal Pkwy & US Highway 98Panama City BeachFL32407232Prospective
3 - Coastal Bay CountyHombre GolfCoyote Pass & Hombre CirclePanama City BeachFL32407260Prospective
3 - Coastal Bay CountyJCF Clara Living241 Devitt StreetPanama City BeachFL32407228Under Construction05/19/202206/30/2024
3 - Coastal Bay CountyJCF Clara123NWC Cox Grade Road & Panama City Beach PkwyPanama City BeachFL32407300Prospective
3 - Coastal Bay CountyJCF Waterfront Living4600 Magnolia Beach RoadPanama CityFL3240879Prospective
3 - Coastal Bay CountyMOR-30ASEC Cain Road & US Highway 98Panama City BeachFL32413235Prospective
3 - Coastal Bay CountyOcean ParkSWC Lake Powell Drive & Lakeview DrivePanama City BeachFL3241380Planned
3 - Coastal Bay CountySky Zone Trampoline ParkPanama City Beach Pkwy & Powell Adams RoadPanama City BeachFL3241350Prospective
5 - Panama CityKelly at Twenty Third, The2002 Wilson AvenuePanama CityFL32405300Under Construction09/17/202310/31/2025
6 - Pretty Bayou33rd Street & Frankford Avenue33rd Street & Frankford AvenuePanama CityFL32405304Prospective
7 - Venetian WayExchange at SweetBayFrankford Avenue & Pacifica AvenuePanama CityFL32405256Planned
8 - Lynn HavenHavenwood Garden Redevelopment1600 Florida AvenueLynn HavenFL3244456Prospective
9 - North Bay CountyCallaway Bayou TownhomesHugh Thomas Drive & Wewa HwyCallawayFL32404276Prospective
9 - North Bay CountyJCF Living Clara NorthClara Avenue & Panama City Beach PkwyPanama City BeachFL32407278Prospective
9 - North Bay CountyZona Nehi5441 Nehi RoadPanama CityFL32404324Prospective
9 - North Bay CountyZona Nehi Phase II5441 Nehi RoadPanama CityFL32404288Prospective
10 - Walton CountyBella Rosa in the PinesSEC Sugar Drive & US Highway 98Santa Rosa BeachFL32459150Prospective
10 - Walton CountyBotanic Miramar Beach12958 US Route 98Miramar BeachFL32550321Prospective
10 - Walton CountyBowline, TheUS Route 98 & Goldsby RoadSanta Rosa BeachFL32459162Under Construction07/03/202310/31/2024
10 - Walton CountyOptima WatersoundUS Highway 98 & North Watersound PkwyWatersoundFL32462300Prospective
10 - Walton CountyRosemary PlaceAzalea Drive & Kylea Laird DriveFreeportFL3243972Prospective
10 - Walton CountySaltaire169 Ocean Walk LaneSanta Rosa BeachFL32459256Under Construction10/06/202206/30/2024
10 - Walton CountySanctuary at 331 Phase II, The24555 Highway 331Santa Rosa BeachFL32459140Prospective
10 - Walton CountySanta Rosa BeachBlue Tide Blvd & US Route 331Santa Rosa BeachFL32459260Under Construction11/01/202307/31/2025
10 - Walton CountySouth Walton County Town Center1326 JD Miller RoadSanta Rosa BeachFL3245990Under Construction06/13/202308/31/2024
10 - Walton CountyUS Highway 98 & US Highway 331US Highway 98 & US Highway 331Point WashingtonFL32459100Prospective
11 - Outlying Okaloosa CountyAir Force Enlisted Village1000 Hawthorn House DriveShalimarFL3257951Prospective
11 - Outlying Okaloosa CountyCharleston PlaceIndustrial Drive & Richbourg LaneCrestviewFL32539279Prospective
11 - Outlying Okaloosa CountyLenox Bay1 Miracle DriveMary EstherFL32569162Prospective
11 - Outlying Okaloosa CountyRenaissance Santa Rosa Phase II200 Page Bacon RoadMary EstherFL32569206Planned
11 - Outlying Okaloosa CountyRetreat at RedstoneKingbird Lane & East Redstone AvenueCrestviewFL32539100Planned
11 - Outlying Okaloosa CountyZatitude1900 Lewis Turner BlvdFort Walton BeachFL32547312Under Construction06/23/202302/28/2025
12 - DestinPalm Street Townhomes98 Palms Blvd & Palm StreetDestinFL3254166Prospective
13 - Niceville - ValparaisoEnclave at Deer Moss Creek, The1200 Deer Moss LoopNicevilleFL32578303Under Construction06/03/202302/28/2025
14 - Fort Walton BeachBayside BreezeBass Avenue SW & Comet Street SWFort Walton BeachFL3254872Prospective
15 - WrightWillow Way Village Garden333 Lewis StreetFort Walton BeachFL3254772Prospective
18 - North Santa Rosa CountyAscend Woodlands4427 Oak Vista LaneMiltonFL32571324Under Construction09/29/202312/31/2026
18 - North Santa Rosa CountyParker Grove4500 Pace LanePaceFL32571156Prospective
19 - South Santa Rosa CountyEnclaveHartington Drive & James M. Harvell RoadNavarreFL3256664Prospective
20 - WarringtonBarrancas3180 Barrancas AvenuePensacolaFL3250770Prospective
20 - WarringtonCorryLexington Terrace & South Old Corry Field RoadPensacolaFL3250775Prospective
21 - West PensacolaDogwood Drive Townhomes280 Dogwood DrivePensacolaFL3250592Prospective
21 - West PensacolaMagnolia Trail1200 North 57th AvenuePensacolaFL3250688Prospective
21 - West PensacolaRetreat, The4938 Mobile HwyPensacolaFL32506224Planned
21 - West PensacolaTree of Life2602 West Lee StreetPensacolaFL32505100Prospective
22 - Myrtle Grove7201 Highway 987201 Highway 98PensacolaFL3250670Prospective
23 - BellviewBellview Terrace6070 Mobile HwyPensacolaFL3252686Prospective
23 - BellviewPark of Pensacola6225 Mobile HwyPensacolaFL3252692Planned
23 - BellviewPine MeadowsGodwin Lane & Pine Forest RoadBellviewFL3252696Prospective
24 - Southwest PensacolaHerons Landing Townhomes899 Dog Track RoadPensacolaFL32506135Prospective
24 - Southwest PensacolaNew Life Estates SeniorSouth Crow Road & Mier Henry RoadPensacolaFL3250672Prospective
24 - Southwest PensacolaPescador Landing17290 Perdido Key DrivePensacolaFL32507144Prospective
25 - BrentOakfield6000 St. Elmo StreetPensacolaFL32503300Prospective
25 - BrentSilurian Pond Phase II3000 Hollywood AvenuePensacolaFL32505105Prospective
25 - BrentSummer Meadows6040 Hilburn RoadPensacolaFL3250460Prospective
26 - GouldingAvery PlaceWest Avery Street & North H StreetGouldingFL32501112Prospective
27 - Pensacola DowntownBrittany Oaks Villas600 State Route 98Gulf BreezeFL3256176Prospective
27 - Pensacola DowntownHeights at East Garden, The110 East Garden StreetPensacolaFL32502242Prospective
27 - Pensacola DowntownSouth De Villiers Street & West Main StreetSouth De Villiers Street & West Main StreetPensacolaFL32502600Prospective
27 - Pensacola DowntownWestmore, The215 West Garden StreetPensacolaFL32502328Prospective
28 - East Pensacola1232 Fairchild Village Drive1232 Fairchild Village DrivePensacolaFL32504100Prospective
29 - EnsleyAirway550 East Ensley StreetPensacolaFL32514240Prospective
29 - EnsleyLeah Gardens9701 Chemstrand RoadPensacolaFL3251490Prospective
29 - EnsleyNathan Road Duplexes7040 Nathan RoadPensacolaFL3252652Planned
29 - EnsleyWaters at Ransley Phase II, The8890 Ransley Station BlvdPensacolaFL32534294Prospective
29 - EnsleyWoodland Place8221 Pittman AvenuePensacolaFL32534166Prospective
30 - Northeast PensacolaCity North1210 East Olive RoadPensacolaFL3251496Under Construction04/22/202306/30/2024
30 - Northeast PensacolaMagnolia Square2879 East Olive RoadPensacolaFL32514108Prospective
30 - Northeast PensacolaMidtown Oaks2975 East Johnson AvenuePensacolaFL3251456Under Construction04/13/202402/28/2025
30 - Northeast PensacolaNorth Davis Hwy8621 North Davis HwyPensacolaFL32514100Prospective
31 - Outlying Escambia CountyAscend at Pathstone4400 Youpon RoadPensacolaFL32526300Planned
31 - Outlying Escambia CountyMcVoy Townhomes3375 South Highway 97CantonmentFL32533128Prospective
31 - Outlying Escambia CountyOld Chemstrand Road2600 Old Chemstrand RoadCantonmentFL3253350Prospective
31 - Outlying Escambia CountyOLF - 8West 9 Mile Road & Patrick LanePensacolaFL32526100Prospective
31 - Outlying Escambia CountyQuinn, The5251 West 9 Mile RoadPensacolaFL32526324Under Construction09/06/202312/31/2024
31 - Outlying Escambia CountyRiverchase at Pathstone9091 Klondike RoadPensacolaFL32526213Prospective
8 - Lynn HavenArbors at Lynn Haven Bluffs235 West 15th StreetLynn HavenFL32444138Planned
10 - Walton CountyArcadia 33134 Ramsey Branch RoadFreeportFL32439258Under Construction03/24/202412/31/2025
10 - Walton CountyArcadia at Hwy 20189 County Hwy 83A WestFreeportFL32439352Prospective
10 - Walton CountyJewel at Santa Rosa Beach158 Malachite WaySanta Rosa BeachFL32459408Under Construction09/26/202305/31/2025
21 - West PensacolaHayden Place1201 North P StreetPensacolaFL3250590Prospective
Matt Ledom - Senior Managing Director

Matt Ledom

Senior Managing Director

matt.ledom@mmgrea.com

Tony Sanicola

Tony Sanicola

Senior Director

tony.sanicola@mmgrea.com

Jhamil Moore - Senior Advisor

Jhamil Moore

Senior Advisor

jhamil.moore@mmgrea.com

Dennis Nevolo - Senior Advisor

Dennis Nevolo

Senior Advisor

dennis.nevolo@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.

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