Northwest Arkansas Construction Pipeline 3Q23

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction

# 0

rank*

1 = Highest Share of Inventory UC

0

units delivering 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

Pre-Planned

5,147 Units

Planned

400 Units

Under Construction

1,768 Units

Lease-Up

630 Units

Building Style

1,962

Garden-style
Units Under Construction

360

Mid-rise / Hi-rise
Units Under Construction

76

Single-Family
Units Under Construction

Demand v Completion

Submarket Breakdown

76 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
-19476
153

2,520 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
1,9801,911861

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NATIONAL MAP

METHODOLOGY

Northwest Arkansas 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 NameSubmarketAddressCityStateZIP CodeProperty StatusConstruction Start Date (in quarters)Construction Finish Date (in quarters)Total UnitsProperty Structure
1840 North Leverett AvenueFayetteville1840 N Leverett AveFayettevilleAR72703Pre-Planned368Garden
3066 East Joyce BoulevardFayetteville3066 E Joyce BlvdFayettevilleAR72703Pre-Planned112Garden
726 Taylor StreetFayetteville726 Taylor StFayettevilleAR72701Pre-Planned40Garden
Cedar Crest IIFayettevilleS 54th Ave & Broyles StFayettevilleAR72704Under Construction09/01/202212/01/202376Single Family
Pointe FayettevilleFayettevilleVan Asche Dr & N Gregg AveFayettevilleAR72704Pre-Planned422Wrap
StrattonFayetteville1333 S Dinsmore TrlFayettevilleAR72704Pre-Planned24Garden
The AronsonFayetteville3352 AR-112FayettevilleAR72704Pre-Planned214Garden
The Trails on the CreekFayettevilleN Vantage Dr & E Joyce BlvdFayettevilleAR72703Pre-Planned324Garden
1704 & 1710 South Dixieland RoadSpringdale/Rogers/Bentonville1704 & 1710 S Dixieland RdRogersAR72758Pre-Planned49Garden
Alta TerraSpringdale/Rogers/BentonvilleS 28th St & W Pleasant Grove RdRogersAR72758Pre-Planned248Garden
Crystal Flats IISpringdale/Rogers/BentonvilleNE Legacy Pkwy & NE John DeShields BlvdBentonvilleAR72712Under Construction04/01/202208/01/2024163Garden
DixielandSpringdale/Rogers/Bentonville2002 S Dixieland RdRogersAR72758Pre-Planned230Garden
First Street FlatsSpringdale/Rogers/Bentonville401 N 1st StRogersAR72756Under Construction10/01/202208/01/2024121Garden
HuttonSpringdale/Rogers/Bentonville2724 S Champions DrRogersAR72758Under Construction07/01/202109/01/2024285Garden
John RollowSpringdale/Rogers/BentonvilleSE John Rollow Dr & SE 28th StBentonvilleAR72712Pre-PlannedGarden
Links at CentertonSpringdale/Rogers/BentonvilleW Fish Hatchery Rd & N Vaughn RdCentertonAR72719Pre-Planned495Garden
LumenSpringdale/Rogers/Bentonville307 S Walton BlvdBentonvilleAR72712Under Construction04/01/202202/01/2025252Garden
Maple Village TownhomesSpringdale/Rogers/Bentonville2251-2323 W Maple StRogersAR72756Pre-Planned24Single Family
Pinnacle Lofts ISpringdale/Rogers/Bentonville5723 W Stoney Brook RdRogersAR72758Pre-Planned222Garden
Pinnacle Lofts IISpringdale/Rogers/Bentonville5723 W Stoney Brook RdRogersAR72758Pre-Planned134Garden
Pinnacle VillageSpringdale/Rogers/BentonvilleS Pinnacle Hills Pkwy & W Highland Knolls RdRogersAR72758Planned10/01/202303/01/2026400Wrap
Powell StreetSpringdale/Rogers/BentonvilleS Powell St & Airport AveSpringdaleAR72764Pre-Planned112Garden
PURE LowellSpringdale/Rogers/Bentonville520 Commerce Creek DrLowellAR72745Under Construction05/01/202206/01/2024152Garden
Southwest Parnell Drive & Southwest I StreetSpringdale/Rogers/BentonvilleSW Parnell Dr & SW I StBentonvilleAR72712Pre-Planned500Podium
The Bend on PromenadeSpringdale/Rogers/Bentonville4401 W Cedar Brooke LnRogersAR72758Under Construction03/01/202204/01/2024160Garden
The Greens at Blossom Way IISpringdale/Rogers/Bentonville2808 S 28th PlRogersAR72758Under Construction/Lease-Up10/01/202112/01/2023270Garden
The Greens at LowellSpringdale/Rogers/BentonvilleW Monroe Ave & N Dixieland StLowellAR72745Pre-Planned336Garden
The Grotto at Osage CreekSpringdale/Rogers/BentonvilleS 28th St & W Chateau DrRogersAR72758Pre-Planned130Garden
The Junction of ScottsdaleSpringdale/Rogers/Bentonville700 N 40th StRogersAR72756Under Construction11/01/202210/01/2024226Garden
The Lofts on Elm TreeSpringdale/Rogers/Bentonville1304 SW Elm Tree RdBentonvilleAR72712Pre-Planned42Garden
The Reserve ISpringdale/Rogers/BentonvilleGreenhouse Rd & SW Regional Airport BlvdBentonvilleAR72712Under Construction08/01/202203/01/2025132Garden
The Reserve IISpringdale/Rogers/BentonvilleGreenhouse Rd & SW Regional Airport BlvdBentonvilleAR72712Pre-Planned144Garden
The Reserve IIISpringdale/Rogers/BentonvilleGreenhouse Rd & SW Regional Airport BlvdBentonvilleAR72712Pre-Planned36Garden
The Trails at LowellSpringdale/Rogers/BentonvillePleasant Crossing Blvd & S Dixieland RdRogersAR72758Pre-Planned441Garden
The Village at Tara RidgeSpringdale/Rogers/BentonvilleSW Crockett St & SW Stone BlvdBentonvilleAR72712Under Construction08/01/202210/01/2024201Horizontal Apartment
Town BranchSpringdale/Rogers/Bentonville300 SE D StBentonvilleAR72712Under Construction/Lease-Up11/01/202010/01/2023360Podium
Uncommon Developers DevelopmentSpringdale/Rogers/BentonvilleE Central Ave & E Battlefield BlvdBentonvilleAR72712Pre-Planned500Garden
Holden Chavis

Holden Chavis

Associate Advisor

holden.chavis@mmgrea.com

Alex-Blagojevich-2.jpg

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.