Tulsa 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

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

1,837 Units

Planned

1,676 Units

Under Construction

1,648 Units

UC/Lease-Up

1,597 Units

Rental Category

Pre-lease Absorption Rate by Month

Multifamily Starts

Submarket Breakdown

Tulsa 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
17 - SapulpaGaslamp9101 State Highway 66SapulpaOK74066224UC/Lease-up12/15/202212/31/202402/01/2024
2 - Tulsa - EastLodge, The8205 East 22nd StreetTulsaOK74129132UC/Lease-up03/01/202304/30/202411/03/2023
1 - Tulsa - DowntownArco Building, The119 East 6th StreetTulsaOK7411972UC/Lease-up10/31/202204/30/202410/31/2023
10 - Broken ArrowCrown at Seven Oaks13818 East 51st Street SouthTulsaOK74134360UC/Lease-up02/13/202302/28/202509/29/2023
2 - Tulsa - EastStonebrook Gated Community Redevelopment4020 South 130th East AvenueTulsaOK74134296UC/Lease-up06/01/202206/30/202409/27/2023
1 - Tulsa - DowntownWest Park Phase III2405 East 4th PlaceTulsaOK7410450UC/Lease-up10/01/202204/30/202409/22/2023
2 - Tulsa - EastReese Tower5810 East Skelly DriveTulsaOK74135104UC/Lease-up07/29/202008/31/202408/07/2023
12 - Jenks-GlenpoolLaurel, The11421 South James AvenueJenksOK74037196UC/Lease-up12/19/202203/31/202406/29/2023
8 - OakhurstRiver West Phase IV - VI975 West 22nd Place SouthTulsaOK74107213UC/Lease-up05/02/202212/31/202404/24/2023
7 - Louisville HeightsWhittier Heights62 North Lewis AvenueTulsaOK7411052UC/Lease-up04/01/202104/30/202401/01/2022
1 - Tulsa - DowntownQuincy ParkEast 8th Street & South Rockford AvenueTulsaOK7412072Planned
1 - Tulsa - DowntownWest Canute Flats902 South Detroit AvenueTulsaOK74120140Planned
2 - Tulsa - EastEastland Village3325 South 145th East StreetTulsaOK7413472Under Construction02/10/202204/30/2024
2 - Tulsa - EastLynn Oak EstatesEast 41st Street & South 177th East AvenueTulsaOK7413460Prospective
4 - Tulsa - SouthCrowne Plaza Tulsa Redevelopment7902 South Lewis AvenueTulsaOK74136103Prospective
7 - Louisville HeightsMaplewood Village6402 East Pine StreetTulsaOK74115120Prospective
9 - TurleyCity Lights VillageEast 46th Street North & North Peoria AvenueTulsaOK7410675Prospective
10 - Broken ArrowKenwood EstatesNorth 6th Street & East Madison Street NorthBroken ArrowOK7401254Prospective
10 - Broken ArrowLynn Oak1301 North 6th StreetBroken ArrowOK7401260Prospective
18 - Sand SpringsSpringwood Village102 West 51st StreetSand SpringsOK74063120Prospective
22 - WagonerWagoner EstatesSouth 270 Road & Highway 51WagonerOK7446760Prospective
1 - Tulsa - Downtown913 S Main913 South Main StreetTulsaOK74119111Prospective
1 - Tulsa - DowntownAnnex, The100 East 2nd StreetTulsaOK74103240Planned
1 - Tulsa - DowntownNordam Headquarters Redevelopment510 South Lansing AvenueTulsaOK74120100Prospective
1 - Tulsa - DowntownRoute 66Riverside Drive & Southwest BlvdTulsaOK7412755Prospective
1 - Tulsa - DowntownSanta Fe Square501 East 2nd StreetTulsaOK74120184Under Construction12/22/202106/30/2024
1 - Tulsa - DowntownTulsa Downtown311 North Boulder AvenueTulsaOK7410388Planned
2 - Tulsa - EastConcord Place14600 East 41st StreetTulsaOK7413472Prospective
2 - Tulsa - EastDominion Building1645 South 101st East AvenueTulsaOK74128106Prospective
2 - Tulsa - EastHeritage Villas12400 East 31st StreetTulsaOK7414668Planned
2 - Tulsa - EastResidence at 145th, TheEast 41st Street & South 145th East AvenueTulsaOK7413470Prospective
6 - UnionVista Shadow Mountain Redevelopment6000 South Memorial DriveTulsaOK74145593Under Construction04/01/202204/30/2024
7 - Louisville HeightsBeacon, The118 North Lansing AvenueTulsaOK74120100Prospective
10 - Broken ArrowAspen MeadowsNWC West Oakland Street & North Redbud AvenueBroken ArrowOK74012282Prospective
10 - Broken ArrowSouth Aspen Avenue5601 South Aspen AvenueBroken ArrowOK74011168Planned
11 - BixbyIconikEast 151st Street South & North Cabaniss AvenueBixbyOK74008133Under Construction04/29/202311/30/2024
11 - BixbyLegacy Farms7815 East 161st Place SouthBixbyOK74008161Under Construction09/18/202306/30/2025
11 - BixbyResidences at Boardwalk Phase II, The8300 East 123rd Street SouthBixbyOK74008177Under Construction11/25/202306/30/2025
11 - BixbyResidences at Boardwalk Phase III, The8300 East 123rd Street SouthBixbyOK7400896Planned
12 - Jenks-GlenpoolJenks GatewaySEC South Birch Street & West Main StreetJenksOK74037280Prospective
12 - Jenks-GlenpoolTulsa Hills737 West 71st Street SouthTulsaOK7413293Prospective
14 - OwassoPark 10710703 North Garnett RoadOwassoOK74055262Under Construction12/30/202212/31/2024
14 - OwassoTwill Johnson RanchEast 101st Street North & North 129th East AvenueOwassoOK74055224Prospective
14 - OwassoVillas at Cypress Crossing10015 North Owasso ExpwyOwassoOK74055374Planned
16 - CowetaWoods, The27502 East 114th Place SouthCowetaOK74429344Prospective
21 - RogersClaremore2550 Frederick RoadClaremoreOK7401972Under Construction10/06/202202/29/2024
21 - RogersLodge, TheEast Blue Starr Drive & North Sioux AvenueClaremoreOK74017222Planned
1 - Tulsa - DowntownSinclair Building6 East 5th StreetTulsaOK7410366Under Construction10/14/202206/30/2024
1 - Tulsa - DowntownWestern Supply424 North Boulder AvenueTulsaOK74103320Planned
9 - TurleyPhoenix at 36NSEC East 36th Street North & North Peoria AvenueTulsaOK74106100Planned
10 - Broken ArrowThe Trails at Aspen Creek2602 W Tucson StBroken ArrowOK74011365Under Construction06/01/202307/30/2024
14 - OwassoCypress Crossing100th St. N.OwassoOK74055366Under Construction12/31/2024

RETURN TO
NATIONAL MAP

METHODOLOGY

Image of Colton

Colton Howell

Senior Director

colton.howell@mmgrea.com

Image of Richard

Richard Redding

Senior Director

richard.redding@mmgrea.com

Stuart Krous_Temporary

Stuart Krous

Associate Advisor

stuart.krous@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

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.