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.
