National Construction Pipeline 2Q24

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction or in lease-up

0

delivered in the last 4q

0

units delivering in next 4q

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

Construction Pipeline

Prospective

2,935,260 Units

Planned

1,062,397 Units

Under Construction

585,336 Units

UC/Lease-Up

509,838 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 Status
9 - Loop1000M1000 South Michigan AvenueChicagoIL60605738UC/Lease-Up
22 - Tempe - NorthCuldesac Tempe2025 East Apache BlvdTempeAZ85281761UC/Lease-Up
15 - North Little RockPointe North Hills, The3000 North Hills BlvdNorth Little RockAR72116960UC/Lease-Up
21 - LehiThanksgiving Point2801 North Thanksgiving WayLehiUT840431800Prospective
13 - Denver - AirportEverleaEast 64th Avenue & Picadilly RoadAuroraCO800191064Prospective
16 - Phoenix - Paradise Valley VillageCity NorthNEC North 56th Street & Loop 101PhoenixAZ850541000Prospective
33 - PeoriaPeoria PlaceGrand Avenue & Cotton CrossingPeoriaAZ853451000Planned
19 - Scottsdale - NorthOptima McDowell Mountain Village18777 North Scottsdale RoadScottsdaleAZ85255970Planned
20 - Centennial - WestSouthGlennSWC East Arapahoe Road & South University BlvdCentennialCO80122911Planned
4 - Boise BenchVista Point2017 West Victory RoadBoiseID83705892Planned
24 - Mesa - WestTransform 17SWC North Mesa Drive & East University DriveMesaAZ85201850Prospective
1 - Phoenix - DowntownCentral Station300 North Central AvenuePhoenixAZ85004797Under Construction
4 - Dallas - West DallasVillages at SoHo SquareBorger Street & Singleton BlvdDallasTX752122100Prospective
5 - Oso BayVillage at Barisi, The7111 Pharaoh DriveCorpus ChristiTX784121350Planned
44 - Outlying Comal CountyMayfair330 Addstine LaneNew BraunfelsTX781301315Planned
24 - Irving - Las ColinasHidden Ridge & North MacArthur BlvdHidden Ridge & North MacArthur BlvdIrvingTX750381200Planned
2 - Dallas - CedarsRivers, TheCadiz Street & South Riverfront BlvdDallasTX752071000Prospective
3 - Cedar ParkLeander Springs Phase IIISWC 183A Frontage Road & FM 2243LeanderTX78641950Prospective
27 - Downtown - northHealthSouth Redevelopment1215 Red River StreetAustinTX78701921Prospective
37 - SchertzCrossvine, The9001 Hollering VineSchertzTX78154900Prospective
39 - New BraunfelsRiver Mill555 Porter StreetNew BraunfelsTX78130900Planned
36 - CelinaLegacy HillsFM 455 & The Cowboy WayCelinaTX75009890Prospective
17 - ApexVeridea3012 Veridea PkwyApexNC275391500Prospective
1 - Second WardBrooklyn VillageSouth McDowell Street & East Stonewall StreetCharlotteNC282041243Prospective
38 - ClemsonHwy 76 at Excelsior Mill RoadOld Stone Church Road & US Route 76ClemsonSC296311000Prospective
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 RoadClarksvilleTN37043903Planned
12 - MadisonKnox Creek FlatsHolladay Blvd & US Highway 72MadisonAL35756900Prospective
1 - Nashville - DowntownRutledge Hill500 2nd Avenue SouthNashvilleTN37210877Planned
7 - Nashville - VanderbiltAlbion Music Row1503 McGavock StreetNashvilleTN37203850Planned
1 - Nashville - Downtown810 Lea810 Lea AvenueNashvilleTN37203818Prospective
11 - Nashville - NortheastPorter and Cahal1500 Porter RoadNashvilleTN37206800Prospective
2 - North End - CharlestownBunker Hill Redevelopment55 Bunker Hill StreetCharlestownMA021292332Planned
2 - North End - CharlestownCambridge Crossing221 Morgan AvenueCambridgeMA021411932Planned
35 - Jersey City - westOne Journal Square10 Journal Square PlazaJersey CityNJ073061723Under Construction
25 - Sayreville/South River/South AmboyRiverton Phase II1000 Chevalier AvenueSayrevilleNJ088721700Prospective
3 - HarlemLenox Terrace Phase II484 Lenox AvenueNew YorkNY100371642Prospective
3 - Yonkers - downtown northHudson Piers161 Alexander StreetYonkersNY107011395Under Construction
34 - Two Bridges265 South Street265 South StreetNew YorkNY100041300Planned
29 - Edgewater615 River Road615 River RoadEdgewaterNJ070201200Planned
7 - East Harlem321 East 96th Street321 East 96th StreetNew YorkNY100291100Prospective
7 - East HarlemEast River Plaza520 East 117th StreetNew YorkNY100351100Prospective
8 - Near North SideHalsted Pointe Phase II901 North Halsted StreetChicagoIL606421150Prospective
8 - Near North SideHalsted Pointe Phase III901 North Halsted StreetChicagoIL606421015Prospective
1 - Central Michigan UniversitySmartZone2625 Denison DriveMount PleasantMI48858915Prospective
3 - Madison - NorthRaemisch Farm4150 Packers AvenueMadisonWI53704904Prospective
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
3 - Lincoln SquareLathrop Chicago Phase II2000 West Diversey PkwyChicagoIL60647702Planned
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 Construction
2 - Pentagon City/Penrose12th Street Landing601 12th Street SouthArlingtonVA222021089Prospective
1 - Lexington ParkStewarts Grant46447 Quatman RoadLexington ParkMD206531084Prospective
20 - Brookland/South PetworthChase at Bryant Street Redevelopment, The4th Street NE & Rhode Island Avenue NEWashingtonDC200021011Prospective
61 - Frederick - EastBrickworks184 East South StreetFrederickMD217011000Prospective

RETURN TO
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

Brett Sanchez-1

Brett Sanchez

Associate Advisor

brett.sanchez@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.

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