Wichita Construction Pipeline 4Q23

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

Pre-Planned

456 Units

Under Construction

1,304 Units

Building Style

1,013

Garden-style
Units Under Construction or in Lease-Up

125

Mid-rise / Hi-rise
Units Under Construction or in Lease-Up

166

Single-Family
Units Under Construction or in Lease-Up

Demand v Completion

*Denotes Estimated Annual Total

Permitting Data

Submarket Breakdown

72 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
2672110

250 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
9610672

583 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
60154390

328 Units Under Construction

Demand Forecast
[Next 4 Quarters]		Supply Forecast
[Next 4 Quarters]		Historical Delivery
[10-Yr Average]
308296127

Wichita 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 NameDeveloperSubmarketAddressCityStateZIP CodeProperty StatusConstruction Start Date (in quarters)Construction Finish Date (in quarters)Total UnitsProperty Structure
Balconies at Vickers TowerCentral Wichita/Riverside125 N Market StWichitaKS67202Pre-Planned145Tower
Gateway on MainCentral Wichita/RiversideW Waterman St & S Main StWichitaKS67202Pre-Planned226Garden
HiTone LoftsFerguson Property GroupCentral Wichita/Riverside701 E 2nd St NWichitaKS67202Under Construction04/01/202204/01/202472Garden
Uptown Landing IIBrand InvestmentsCentral Wichita/Riverside3221 E 1st St NWichitaKS67214Under Construction04/01/202104/01/2024125Podium
Meadowlark LandingEast Wichita2225 E Meadowlark RdDerbyKS67037Pre-Planned85Duplex/Triplex/Quadplex
North Andover Road & East 21st StreetPrivate DeveloperEast WichitaN Andover Rd & E 21st StAndoverKS67002Under Construction10/01/202201/01/2025250Garden
East 17th Street North & North Gentry DrivePrivate DeveloperNorth Wichita/UniversityE 17th St N & N Gentry DrWichitaKS67208Under Construction10/01/202211/01/2024277Garden
Fairmount FlatsBonavia PropertiesNorth Wichita/University1728 Fairmount StWichitaKS67208Under Construction12/01/202202/01/202450Garden
Plazzio PlaceLaham DevelopmentNorth Wichita/UniversityE 13th St N & N Greenwich RdWichitaKS67206Under Construction04/01/202307/01/202440Garden
Stoney Pointe IIEdward Rose and SonsNorth Wichita/University11587 E Agate LnWichitaKS67206Under Construction01/01/202211/01/2024216Garden
Brindle MeadowsWest WichitaW MacArthur Rd & S Meridian AveWichitaKS67217Pre-PlannedGarden
K-96 & North Ridge RoadPrivate DeveloperWest WichitaK-96 & N Ridge RdWichitaKS67205Under Construction05/01/202206/01/2024166Duplex/Triplex/Quadplex
Liberty GardensPrivate DeveloperWest Wichita13550 W 13th St NWichitaKS67235Under Construction05/01/202311/01/2024108Garden

RETURN TO
NATIONAL MAP

METHODOLOGY

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Colton Howell

Senior Director

colton.howell@mmgrea.com

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Richard Redding

Senior Director

richard.redding@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.