Las Vegas Construction Pipeline 4Q23

MARKET SNAPSHOT

Existing Units

0 %

share of existing inventory uc

Total Units Under Construction or In Lease Up

# 0

rank*

1 = Highest Share of Inventory UC

units delivering in next 4q

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

5,563 Units

Planned

244 Units

Under Construction

6,728 Units

Lease-Up

3,838 Units

Building Style

7,280

Garden-style
Units Under Construction or in Lease-Up

2,938

Mid-rise / Hi-rise
Units Under Construction or in Lease-Up

348

Single-Family
Units Under Construction or in Lease-Up

Demand v Completion

*Denotes Estimated Annual Total

Permitting Data

Submarket Breakdown

Central Las Vegas

1,062 Units Under Construction

Demand Forecast [Next 4 Quarters]	Supply Forecast [Next 4 Quarters]	Historical Delivery [10-Yr Average]
68	24	2,025

East Las Vegas

0 Units Under Construction

Demand Forecast [Next 4 Quarters]	Supply Forecast [Next 4 Quarters]	Historical Delivery [10-Yr Average]
272	0	204

Green Valley

0 Units Under Construction

Demand Forecast [Next 4 Quarters]	Supply Forecast [Next 4 Quarters]	Historical Delivery [10-Yr Average]
113	0	2,430

Henderson

1,489 Units Under Construction

Demand Forecast [Next 4 Quarters]	Supply Forecast [Next 4 Quarters]	Historical Delivery [10-Yr Average]
1,124	1,042	5,238

North Las Vegas

1,600 Units Under Construction

Demand Forecast [Next 4 Quarters]	Supply Forecast [Next 4 Quarters]	Historical Delivery [10-Yr Average]
1,496	1,273	397

Northwest Las Vegas

992 Units Under Construction

Demand Forecast [Next 4 Quarters]	Supply Forecast [Next 4 Quarters]	Historical Delivery [10-Yr Average]
939	678	1,243

South Las Vegas

1,360 Units Under Construction

Demand Forecast [Next 4 Quarters]	Supply Forecast [Next 4 Quarters]	Historical Delivery [10-Yr Average]
1,026	966	1,393

Southwest Las Vegas

2,651 Units Under Construction

Demand Forecast [Next 4 Quarters]	Supply Forecast [Next 4 Quarters]	Historical Delivery [10-Yr Average]
2,244	2,272	7,484

Summerlin/The Lakes

0 Units Under Construction

Demand Forecast [Next 4 Quarters]	Supply Forecast [Next 4 Quarters]	Historical Delivery [10-Yr Average]
385	0	2,903

Sunrise Manor/Northeast Las Vegas

0 Units Under Construction

Demand Forecast [Next 4 Quarters]	Supply Forecast [Next 4 Quarters]	Historical Delivery [10-Yr Average]
193	0	413

University/The Strip

388 Units Under Construction

Demand Forecast [Next 4 Quarters]	Supply Forecast [Next 4 Quarters]	Historical Delivery [10-Yr Average]
632	323	883

West Las Vegas

251 Units Under Construction

Demand Forecast [Next 4 Quarters]	Supply Forecast [Next 4 Quarters]	Historical Delivery [10-Yr Average]
901	251	868

Las Vegas 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 Name	Submarket	Address	City	State	ZIP Code	Property Status	Construction Start Date	Construction Finish Date	Total Units	Property Structure
1200 South 3rd Street	Central Las Vegas	1200 S 3rd St	Las Vegas	NV	89104	Under Construction	08/01/2023	08/01/2025	335	Wrap
D Street & Jefferson Avenue	Central Las Vegas	D St & Jefferson Ave	Las Vegas	NV	89106	Pre-Planned			84	Garden
Former Desert Pines Golf Club	Central Las Vegas	N Pecos Rd & E Bonanza Rd	Las Vegas	NV	89101	Pre-Planned				Garden
Harlem Nights	Central Las Vegas	Jackson Ave & F St	Las Vegas	NV	89106	Pre-Planned			458	Tower
Lush Las Vegas	Central Las Vegas	607 S 8th St	Las Vegas	NV	89101	Pre-Planned			113	Wrap
Symphony Park II & III	Central Las Vegas	255 & 277 Promenade Pl	Las Vegas	NV	89106	Under Construction	04/01/2023	08/01/2025	545	Tower
The Presley	Central Las Vegas	E Bridger Ave & S Main St	Las Vegas	NV	89101	Under Construction	05/01/2023	05/01/2025	203	Podium
13050 South Las Vegas Boulevard	Henderson	13050 S Las Vegas Blvd	Las Vegas	NV	89044	Pre-Planned			408	Garden,Townhome/Row Home
Bella Pointe	Henderson	S Water St & E Victory Rd	Henderson	NV	89015	Pre-Planned				Podium
East Lake Mead Parkway & South Water Street	Henderson	E Lake Mead Pkwy & S Water St	Henderson	NV	89015	Pre-Planned			225	Podium
Element 12	Henderson	100 E Warm Springs Rd	Henderson	NV	89011	Under Construction/Lease-Up	08/01/2021	02/01/2024	265	Garden
Galleria Drive & Cadence Vista Drive	Henderson	Galleria Dr & Cadence Vista Dr	Henderson	NV	89011	Under Construction	01/01/2023	01/01/2025	388	Garden
ILUMINA on Raiders Way	Henderson	3610 Sunridge Heights Pkwy	Henderson	NV	89052	Under Construction	09/01/2022	06/01/2024	232	Wrap
KAKTUSlife @inspirada	Henderson	Bicentennial Pkwy & Via Inspirada	Henderson	NV	89044	Planned	12/01/2023	07/01/2025	244	Wrap
Santé	Henderson	175 E Bruner Ave	Henderson	NV	89044	Under Construction	05/01/2022	06/01/2024	238	Garden
Summit on Boulder	Henderson	760 S Boulder Hwy	Henderson	NV	89015	Under Construction/Lease-Up	09/01/2021	01/01/2024	216	Garden
theAPEX @galleria	Henderson	55 E Galleria Dr	Henderson	NV	89011	Under Construction	11/01/2021	04/01/2025	336	Garden
The Watermark	Henderson	215 S Water St	Henderson	NV	89015	Under Construction/Lease-Up	02/01/2021	01/01/2024	151	Tower
East Azure Avenue & Losee Road	North Las Vegas	E Azure Ave & Losee Rd	North Las Vegas	NV	89030	Pre-Planned			210	Garden
East Deer Springs Way & Losee Road	North Las Vegas	E Deer Springs Way & Losee Rd	North Las Vegas	NV	89086	Pre-Planned			304	Garden
Elysian at Skye Canyon	North Las Vegas	W Craig Rd & Clayton St	North Las Vegas	NV	89032	Pre-Planned			288	Garden
Hylo Park	North Las Vegas	W Lake Mead Blvd & Rancho Dr	North Las Vegas	NV	89032	Pre-Planned				Wrap
Nightingale	North Las Vegas	E Tropical Pkwy & Losee Rd	North Las Vegas	NV	89081	Under Construction	06/01/2023	03/01/2025	246	Garden
NLV Village	North Las Vegas	E Lake Mead Blvd & Las Vegas Blvd N	North Las Vegas	NV	89030	Pre-Planned				Garden
North Park Living	North Las Vegas	4100 Scott Robinson Blvd	North Las Vegas	NV	89032	Under Construction	09/01/2022	10/01/2024	380	Garden
Parq at Camino II	North Las Vegas	N MLK Blvd & W Craig Rd	North Las Vegas	NV	89032	Pre-Planned			116	Garden
Quarter North	North Las Vegas	5500 Simmons St	North Las Vegas	NV	89031	Under Construction/Lease-Up	12/01/2021	02/01/2024	165	Single Family
Rancho Drive & West Carey Avenue	North Las Vegas	Rancho Dr & W Carey Ave	North Las Vegas	NV	89032	Under Construction	02/01/2023	01/01/2025	200	Garden
Sync	North Las Vegas	7089 N Aliante Pkwy	North Las Vegas	NV	89084	Under Construction	11/01/2021	08/01/2024	203	Garden
Ascend at Vista Valley	Northwest Las Vegas	7618 N Decatur Blvd	North Las Vegas	NV	89131	Under Construction/Lease-Up	02/01/2022	01/01/2024	364	Garden
Aspire at Echelon	Northwest Las Vegas	8850 Echelon Point Dr	Las Vegas	NV	89149	Under Construction/Lease-Up	10/01/2022	05/01/2024	300	Garden
Banyan Brighton	Northwest Las Vegas	10500 Glenbrittle Ave	Las Vegas	NV	89166	Under Construction/Lease-Up	08/01/2021	12/01/2023	133	Townhome/Row Home
Base	Northwest Las Vegas	8600 N Grand Canyon Dr	Las Vegas	NV	89166	Under Construction	07/01/2022	09/01/2024	282	Garden
Elysian at Rainbow	Northwest Las Vegas	N Rainbow Blvd & Rancho Dr	Las Vegas	NV	89130	Pre-Planned			336	Garden
Grand Teton Drive & North Decatur Boulevard	Northwest Las Vegas	Grand Teton Dr & N Decatur Blvd	Las Vegas	NV	89131	Pre-Planned			252	Garden
Marlowe Centennial Hills	Northwest Las Vegas	8550 W Deer Springs Way	Las Vegas	NV	89149	Under Construction	10/01/2022	09/01/2024	257	Garden
Vue at Centennial III	Northwest Las Vegas	6455 N Tenaya Way	Las Vegas	NV	89131	Under Construction	03/01/2023	03/01/2025	314	Garden
Ariva	South Las Vegas	11055 Las Vegas Blvd S	Las Vegas	NV	89183	Under Construction/Lease-Up	08/01/2020	11/01/2024	754	Garden
Bleutech Park	South Las Vegas	S Las Vegas Blvd & W Cactus Ave	Las Vegas	NV	89183	Pre-Planned				Wrap
Chartan Avenue & South Las Vegas Boulevard	South Las Vegas	Chartan Ave & S Las Vegas Blvd	Las Vegas	NV	89183	Under Construction	03/01/2023	06/01/2025	324	Garden
East Richmar Avenue & South Las Vegas Boulevard	South Las Vegas	E Richmar Ave & S Las Vegas Blvd	Las Vegas	NV	89123	Pre-Planned			288	Garden
Enterprise Residences	South Las Vegas	Ensworth St & W Ford Ave	Enterprise	NV	89123	Pre-Planned				Garden
Erie Avenue & South Las Vegas Boulevard	South Las Vegas	Erie Ave & S Las Vegas Blvd	Las Vegas	NV	89183	Pre-Planned			422	Garden
LVB	South Las Vegas	11611 S Las Vegas Blvd	Las Vegas	NV	89183	Under Construction/Lease-Up	01/01/2022	05/01/2024	316	Garden
South Las Vegas Boulevard & Barbara Lane	South Las Vegas	S Las Vegas Blvd & Barbara Ln	Las Vegas	NV	89183	Pre-Planned				Garden
West Richmar Avenue & Ensworth Street	South Las Vegas	W Richmar Ave & Ensworth St	Enterprise	NV	89123	Pre-Planned			248	Garden
9171 West Sunset Road	Southwest Las Vegas	9171 W Sunset Rd	Las Vegas	NV	89148	Under Construction	06/01/2022	12/01/2024	326	Garden
Arca I	Southwest Las Vegas	8030 W Maule Ave	Las Vegas	NV	89113	Pre-Planned			356	Podium
Arca II	Southwest Las Vegas	8030 W Maule Ave	Las Vegas	NV	89113	Pre-Planned				Podium
Blue Diamond Road & Dean Martin Drive	Southwest Las Vegas	Blue Diamond Rd & Dean Martin Dr	Enterprise	NV	89139	Pre-Planned			290	Wrap
Core	Southwest Las Vegas	8341 W Warm Springs Rd	Enterprise	NV	89113	Under Construction	03/01/2022	09/01/2024	320	Garden
Elysian at Post	Southwest Las Vegas	9280 W Post Rd	Las Vegas	NV	89148	Under Construction/Lease-Up	01/01/2022	06/01/2024	384	Garden
Evora Future Phases	Southwest Las Vegas	W Patrick Ln & S Buffalo Dr	Spring Valley	NV	89113	Pre-Planned				Podium
Evora I	Southwest Las Vegas	6111 S Buffalo Dr	Las Vegas	NV	89113	Under Construction/Lease-Up	10/01/2019	05/01/2024	456	Podium
Seneca at Southern Highlands	Southwest Las Vegas	11116 Socrates Ridge St	Las Vegas	NV	89141	Under Construction	12/01/2021	07/01/2024	50	Single Family
South Decatur Boulevard & West Frias Avenue	Southwest Las Vegas	S Decatur Blvd & W Frias Ave	Enterprise	NV	89141	Under Construction	11/01/2022	11/01/2024	332	Garden
The Ellison	Southwest Las Vegas	9235 W Russell Rd	Las Vegas	NV	89148	Under Construction	05/01/2021	05/01/2024	294	Wrap
UnCommons Future Phases	Southwest Las Vegas	Roy Horn Way & S Durango Dr	Las Vegas	NV	89113	Pre-Planned				Wrap
West Arby Avenue & Gagnier Boulevard	Southwest Las Vegas	W Arby Ave & Gagnier Blvd	Spring Valley	NV	89113	Pre-Planned				Tower
West Arby Avenue & Redwood Street	Southwest Las Vegas	W Arby Ave & Redwood St	Enterprise	NV	89118	Under Construction	04/01/2022	10/01/2024	271	Garden
West Warm Springs Road & South Buffalo Drive	Southwest Las Vegas	W Warm Springs Rd & S Buffalo Dr	Enterprise	NV	89113	Pre-Planned				Garden
Tivoli Village	Summerlin/The Lakes	330 S Rampart Blvd	Las Vegas	NV	89145	Pre-Planned			300	Wrap
Ainsley at 3900	University/The Strip	3900 Paradise Rd	Las Vegas	NV	89169	Under Construction	10/01/2022	10/01/2024	388	Wrap
Campus Village	University/The Strip	4440 S Maryland Pkwy	Las Vegas	NV	89119	Pre-Planned			323	Tower
Greystar Residences at Tropicana	University/The Strip	1639 E Tropicana Ave	Las Vegas	NV	89119	Under Construction	09/01/2023	05/01/2025	264	Garden
Apex at Meadows	West Las Vegas	4480 Meadows Ln	Las Vegas	NV	89107	Under Construction/Lease-Up	03/01/2021	02/01/2024	334	Podium
The Pearl	West Las Vegas	S Valley View Blvd & Spring Mountain Rd	Las Vegas	NV	89102	Pre-Planned			170	Tower
The Philly at 215	West Las Vegas	215 W Philadelphia Ave	Las Vegas	NV	89102	Pre-Planned			93	Podium
West Utah Avenue & Fairfield Avenue	West Las Vegas	W Utah Ave & Fairfield Ave	Las Vegas	NV	89102	Pre-Planned			279	Garden