Since high-rise building construction sites are usually located in crowded city areas, sufficient spaces for the inventories of key materials are rarely available. This spatial constraints have been one of the critical challenge that may cause productivity loss and increasing costs of the high-rise building construction projects. The proper material inventory management is certaing a key to the success of high-rise building construction projects as it handles difficulty of securing material stock yards, changes in demands, uncertain delivery time through integrating the construction schedules and actively responding to the key materials attributes. In this light, this research analyzes the latest inventory model, (Q,r) model, in accordance with the high rise building characteristics. This research suggests an optimal inventory management of re-bar considering various demands and lead times. The case study is also presented with regard to the re-bar inventory management.