Definition
The supply pipeline is everything that is coming: proposed, approved, permitted, and under construction, with the quarter each is expected to deliver. It is the only forward-looking data in a market analysis, because everything else describes what already happened.
How to read it
How to read it
- Weight it by stage. Proposed is a rumour, permitted is a schedule, and under construction is a delivery date.
- Draw it around the subject building, not around the county. What competes with an eight-unit walk-up is not a tower five miles away.
- Delivery timing matters more than the total. Everything arriving in one quarter is a different problem from the same units over three years.
- New supply competes at the top of the market first, and its concessions pull everything below it down with them.
Related terms
Related terms
All termsMarkets
Absorption
Absorption is the rate at which available space is taken up over a period: units leased, net of units given back.
MarketsSubmarket
A submarket is the smallest area within which properties genuinely compete for the same tenant and the same buyer.
MarketsVacancy Rate
The vacancy rate is the share of units, or of rentable area, sitting empty at a point in time.
Terms arrive with the writing.
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