Metro Multi-Family Construction

KC topics that don't fit anywhere else.
earthling
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Re: Metro Multi-Family Construction

Post by earthling »

Newmark Q3 on Supply/Demand over last 12 months. According to report KC ranks 23rd for supply, top 3 in Midwest and about 13th for % change in occupancy...
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https://www.nmrk.com/storage-nmrk/uploa ... -11-21.pdf
earthling
One Park Place
One Park Place
Posts: 7458
Joined: Sun Sep 11, 2011 2:27 pm

Re: Metro Multi-Family Construction

Post by earthling »

Colliers Q3 MultiFamily report for KC. They track the most units compared to other reports.

Two reports (above post as well) showing similar high demand in metro a good sign, higher than new supply should keep development interest going...
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Central KC improved to over 94% occupancy, which is a good improvement from about 92% Q1 even though more units added. Pretty good demand considering the significant number of city core units added over last couple years.
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Here's Q1 for comparison...
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Full Q3 report...
https://www.colliers.com/download-rEsea ... ab1db6a442
earthling
One Park Place
One Park Place
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Joined: Sun Sep 11, 2011 2:27 pm

Re: Metro Multi-Family Construction

Post by earthling »

Four submarkets are responsible for nearly half of all units underway. Lenexa led activity with 974 units, followed by Overland Park–South (934 units), Downtown Kansas City (812 units) and Kansas City–South (772 units) [Midtown to about Brookside].
Metro completions...
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https://www.yardimatrix.com/publication ... t-Fall2021
earthling
One Park Place
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Re: Metro Multi-Family Construction

Post by earthling »

Northmarq for KC metro. Vacancy increase implies new deliveries higher than demand...
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https://www.northmarq.com/wp-content/up ... 3Q2021.pdf
earthling
One Park Place
One Park Place
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Joined: Sun Sep 11, 2011 2:27 pm

Re: Metro Multi-Family Construction

Post by earthling »

Berkadia shows decent metro absorption (demand) over 5K units for 2021 inline with other reports and also forecasts lower demand and deliveries for 2022. Also states around 95%+ occupancy, about same as other reports. Doesn't break out metro divisions...

https://base.berkadia.com/wp-content/up ... s-City.pdf
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