National Construction Pipeline 1Q24

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

units delivering in next 4q

0

delivered in the last 4q

0

total units under construction or in lease-up

Click through to view the interactive map and detailed report for markets across the nation.

Construction Pipeline

Prospective

2,862,316 Units

Planned

1,057,050 Units

Under Construction

645,276 Units

UC/Lease-Up

499,418 Units

Rental Category

Multifamily Starts

Market Breakdown

National 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
1 - Georgetown - westVarenna Lakeside1701 Wolf Ranch PkwyGeorgetownTX78628336UC/Lease Up4/30/20229/30/20245/1/2023
3 - Cedar ParkAvery Ranch9225 North Lake Creek PkwyAustinTX78717288UC/Lease Up5/1/202210/31/20245/1/2023
4 - Amarillo - South CentralSilos at Farmers, The2550 West Farmers AvenueAmarilloTX79118243UC/Lease Up9/1/20213/31/20243/1/2023
1 - Georgetown - westGeorgetown Heights468 Northwood DriveGeorgetownTX7862850UC/Lease Up9/30/20213/31/20246/1/2022
15 - North Little RockPointe North Hills, The3000 North Hills BlvdNorth Little RockAR72116960UC/Lease Up1/26/20193/31/20246/17/2020
2 - North End - CharlestownOne Charlestown55 Bunker Hill StreetCharlestownMA21292597Planned
35 - Jersey City - westOne Journal Square10 Journal Square PlazaJersey CityNJ73061723Under Construction5/25/202312/31/2027
25 - Sayreville/South River/South AmboyRiverton Phase II1000 Chevalier AvenueSayrevilleNJ88721700Prospective
3 - HarlemLenox Terrace Phase II484 Lenox AvenueNew YorkNY100371642Prospective
3 - Yonkers - downtown northHudson Piers161 Alexander StreetYonkersNY107011395Under Construction4/30/202212/31/2028
34 - Two Bridges265 South Street265 South StreetNew YorkNY100041300Planned
7 - East Harlem321 East 96th Street321 East 96th StreetNew YorkNY100291100Prospective
7 - East HarlemEast River Plaza520 East 117th StreetNew YorkNY100351100Prospective
7 - Fort Greene625 Fulton625 Fulton StreetBrooklynNY112011098Under Construction11/15/202212/31/2026
5 - Bethlehem - WestTower Place1170 8th AvenueBethlehemPA180181085Prospective
33 - Ashburn/Dulles/SterlingRivana at Innovation StationInnovation Avenue & Rock Hill RoadHerndonVA201702700Planned
33 - Ashburn/Dulles/SterlingWatersideOld Ox Road & Shaw RoadSterlingVA201662595Planned
32 - Herndon/RestonSpectrum at Reston Town Center RedevelopmentReston Pkwy & Spectrum CenterRestonVA201901422Prospective
50 - West GaithersburgKentlands Market SquareKentlands Blvd & Main StreetGaithersburgMD208781369Prospective
33 - Ashburn/Dulles/SterlingKincora Village45308 Kincora DriveSterlingVA201661200Planned
30 - South HerndonReston CrossingDulles Toll Road & Reston PkwyRestonVA201901194Prospective
9 - Barry Farms/Saint ElizabethsStacks, The101 V Street SWWashingtonDC200031100Under Construction10/22/20221/31/2025
2 - Pentagon City/Penrose12th Street Landing601 12th Street SouthArlingtonVA222021089Prospective
20 - Brookland/South PetworthChase at Bryant Street Redevelopment, The4th Street NE & Rhode Island Avenue NEWashingtonDC200021011Prospective
61 - Frederick - EastBrickworks184 East South StreetFrederickMD217011000Prospective
8 - Near North SideNorth Union820 North Lasalle DriveChicagoIL606102656Prospective
12 - Mounds ViewRice Creek CommonsHighway 96 West & Old Highway 10 NorthArden HillsMN551121960Planned
8 - Near North SideHalsted Pointe Phase II901 North Halsted StreetChicagoIL606421150Prospective
17 - SummersideMiller PlaceDeervalley Drive & Rumpke RoadUnion TownshipOH45245875Prospective
30 - TroyTroy Town CenterEast Big Beaver Road & Livernois RoadTroyMI48083850Prospective
13 - GladstoneKinsley ForestNW Englewood Road & North Summit StreetKansas CityMO64118800Prospective
3 - BristolStrawberry Fields13620 75th StreetBristolWI53104798Planned
9 - Loop525 South Wabash Avenue525 South Wabash AvenueChicagoIL60605777Prospective
9 - Loop1000M1000 South Michigan AvenueChicagoIL60605738Under Construction5/1/202212/31/2025
3 - Lincoln SquareLathrop Chicago Phase II2000 West Diversey PkwyChicagoIL60647702Planned
1 - Second WardBrooklyn VillageSouth McDowell Street & East Stonewall StreetCharlotteNC282041243Prospective
38 - ClemsonHwy 76 at Excelsior Mill RoadOld Stone Church Road & US Route 76ClemsonSC296311000Prospective
4 - Asheville - SouthBusbee2 Charlyn DriveAshevilleNC28803852Under Construction1/2/20231/31/2026
7 - Raleigh - NorthwestPinnacle Redevelopment5020 Edwards Mill RoadRaleighNC27612850Prospective
8 - Raleigh - North2114 Atlantic Avenue2114 Atlantic AvenueRaleighNC27604850Prospective
15 - GanttBonnie Brae GolfAshmore Bridge Road & Fork Shoals RoadGreenvilleSC29605848Planned
26 - Durham - EastParcel K4709 Leesville RoadDurhamNC27703837Prospective
25 - Durham - NorthCub Creek Station and Sandy Ridge3819 Cub Creek RoadDurhamNC27704821Planned
23 - SouthportIndigo310 West 11th StreetSouthportNC28461770Prospective
8 - Glen Meade-Lincoln ForestCollection at Independence, The3500 Oleander DriveWilmingtonNC28403750Prospective
11 - Nashville - Northeast1308 Gallatin Avenue1308 Gallatin AvenueNashvilleTN37206950Prospective
1 - Memphis - Downtown westPinch DistrictNorth Main Street & Overton AvenueMemphisTN38103942Prospective
21 - CordovaDwell at Shelby Farms524 Raleigh LaGrange RoadCordovaTN38018930Planned
2 - Clarksville - EastRoss FarmsDunbar Cave Road & Moss RoadClarksvilleTN37043903Prospective
12 - MadisonKnox Creek FlatsHolladay Blvd & US Highway 72MadisonAL35756900Prospective
1 - Nashville - DowntownRutledge Hill500 2nd Avenue SouthNashvilleTN37210877Planned
7 - Nashville - VanderbiltAlbion Music Row1503 McGavock StreetNashvilleTN37203832Prospective
1 - Nashville - Downtown810 Lea810 Lea AvenueNashvilleTN37203818Prospective
11 - Nashville - NortheastPorter and Cahal1500 Porter RoadNashvilleTN37206800Prospective
1 - Amarillo - CentralAmarillo Lofts2350 SE 27th StreetAmarilloTX7910396Prospective
1 - Amarillo - CentralRanch CourtSE 28th Avenue & South Wilson StreetAmarilloTX7910372Prospective
1 - Georgetown - westGabriel, The520 Wolf Ranch PkwyGeorgetownTX78628288Under Construction11/15/20228/31/2024
1 - Georgetown - westGateway 29Ronald Reagan Blvd & West State Highway 29LeanderTX78628321Planned
2 - Georgetown - east903 Riverhaven903 Riverhaven DriveGeorgetownTX78626172Planned
2 - Georgetown - eastBerry Creek CrossingOld Bishop Road & State Highway 130GeorgetownTX78626650Prospective
6 - Denver - WestSouth End Empower Field at Mile High1701 Bryant StreetDenverCO802041500Prospective
33 - PeoriaPeoria PlaceGrand Avenue & Cotton CrossingPeoriaAZ853451200Planned
28 - Castle RockCanyonside at Castle PinesSWC Canyonside Blvd & Hess RoadCastle PinesCO801081175Prospective
13 - Denver - AirportEverleaEast 64th Avenue & Picadilly RoadAuroraCO800191064Prospective
16 - Phoenix - Paradise Valley VillageCity NorthNEC North 56th Street & Loop 101PhoenixAZ850541000Prospective
19 - Scottsdale - NorthOptima McDowell Mountain Village18777 North Scottsdale RoadScottsdaleAZ85255970Planned
20 - Centennial - WestSouthGlennSWC East Arapahoe Road & South University BlvdCentennialCO80122911Planned
24 - Mesa - WestNexusSWC North Mesa Drive & East University DriveMesaAZ85201850Prospective
1 - Phoenix - DowntownCentral Station300 North Central AvenuePhoenixAZ85004797Under Construction12/12/202212/31/2024
1 - Nashville - Downtown810 Lea810 Lea AvenueNashvilleTN37203818Prospective
11 - Nashville - NortheastPorter and Cahal1500 Porter RoadNashvilleTN37206800Prospective

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NATIONAL MAP

METHODOLOGY

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

Nate-Ulepich

Nate Ulepich

Director of Revenue Operations and National Team Coordinator

nate.ulepich@mmgrea.com

Brett

Brett Meinzer

Managing Director

brett.meinzer@mmgrea.com

David-Huey

David Huey

Senior Director

david.huey@mmgrea.com

Kendall Adams

Kendall Adams

Senior Advisor

kendall.adams@mmgrea.com

Headshot Corporate Business Portrait for MMG at Fontaine Hotel in Kansas City by Kevin Ashley Photography I Kansas City and Overland Park Headshot Photographer. Headshots, Portraits, Weddings and Commercial Photography.

Ryan Carter

Associate Advisor

ryan.carter@mmgrea.com

Thomas

Thomas Skevington

Senior Advisor

thomas.skevington@mmgrea.com

Kyle

Kyle Winston

Senior Advisor

kyle.winston@mmgrea.com

Chris Wilson_2023

Chris Wilson

Associate Advisor

chris.wilson@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.