Little Rock 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

1,966 Units

Planned

260 Units

Under Construction

797 Units

UC/Lease-Up

1,134 Units

Rental Category

Pre-lease Absorption Rate by Month

Multifamily Starts

Submarket Breakdown

Little Rock 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
2 - Little Rock National AirportResidences at Harbor Town, The1726 East 2nd StreetLittle RockAR72202174UC/Lease Up04/30/201904/30/202411/01/2020
15 - North Little RockPointe North Hills, The3000 North Hills BlvdNorth Little RockAR72116960UC/Lease Up01/26/201903/31/202406/17/2020
Vestal RoseBayou Road & Westwind DriveNorth Little RockAR72113100Prospective
1 - Little Rock - Downtown1111 West Capitol Avenue1111 West Capitol AvenueLittle RockAR72201120Prospective
1 - Little Rock - DowntownFlats at SoMa, The300 East Roosevelt RoadLittle RockAR72206160Planned
1 - Little Rock - DowntownResidences at Pettaway2020 Vance StreetLittle RockAR7220696Prospective
6 - Oak ForestBig Country Chateau Redevelopment6200 Colonel Glenn RoadLittle RockAR72204151Prospective
7 - Pulaski HeightsFitzroy Riverdale1200 Riverfront DriveLittle RockAR72202283Under Construction11/09/202206/30/2024
13 - MaumelleVilla at River Pointe Drive Phase II, The8000 River Pointe DriveMaumelleAR72113167Prospective
15 - North Little RockEsplanade Phase II, The5 Esplanade CircleNorth Little RockAR7211450Prospective
15 - North Little RockResort at Rockwater, The1120 Rockwater BlvdNorth Little RockAR72114360Under Construction07/17/202306/30/2025
15 - North Little RockSkyline at North Hills, TheBelmont Drive & North Hills BlvdNorth Little RockAR72116278Prospective
20 - PulaskiFranklin Street4017 Franklin StreetLittle RockAR72206100Planned
23 - Benton-SalemGreens at Longhills Phase II, The2600 Longhills Road EastBentonAR72019182Prospective
24 - River MountainHamilton14810 Cantrell RoadLittle RockAR72223240Prospective
24 - River MountainLandings at Rock Creek Redevelopment, The13200 Chenal PkwyLittle RockAR72211154Under Construction06/01/202306/30/2024
24 - River MountainWellington HillsKirk Road & Wellington Hills RoadLittle RockAR72201282Prospective
26 - ConwayDonaghey Avenue405 South Donaghey AvenueConwayAR72034200Prospective
26 - ConwayHudson at Central Landing, The100 Bill Hegeman BlvdConwayAR72016100Prospective

RETURN TO
NATIONAL MAP

METHODOLOGY

Doug Dedmon

Doug Dedmon

Senior Director

doug.dedmon@mmgrea.com

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Alex Blagojevich

Executive Managing Director & Founding Partner

alex.blagojevich@mmgrea.com

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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.

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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.