As we head into the final quarter of 2025, Porter Kyle is excited to bring you the latest insights shaping housing, investment, and development across Phoenix and beyond. In this edition, we cover key market trends—from the national housing shortage and rental rebound highlighted by JPMorgan and John Burns to Phoenix’s ongoing economic momentum fueled by tech giants like Nvidia and TSMC. We also explore how luxury rental communities are attracting high-net-worth residents, reflecting a broader shift in housing preferences as ownership becomes increasingly out of reach.
We’re also thrilled to share an update from the field: The Wayne in Chandler has completed all underground work, started foundation pours, and will begin vertical construction in the coming weeks. Each article in this newsletter offers actionable insights for investors, renters, and industry professionals alike. Don’t miss a beat—sign up to receive Porter Kyle updates directly and stay informed on the projects, trends, and opportunities driving the Valley’s housing and real estate market forward.
For the third year in a row, Connect CRE is launching a summer Leadership Series. This year, the focus is on the near-term prospects for commercial real estate, and we have asked key industry executives for their assessments. For the inaugural installment, we asked about the likelihood of a general
The American dream isn’t dead—it’s just being redefined. As affordability challenges grow and life paths shift, more people are choosing to rent for longer, and in many cases, permanently. For multifamily owners and developers, this represents more than a cyclical shift—it’s a structural opportunity. Recent data and industry insights paint
Porter Kyle’s $60-million The Wayne Build-to-Rent townhome community in Chandler just cleared a significant milestone that sets the stage for the entire development process to unfold. This month, crews completed the installation of seven storm tanks across The Wayne’s site, which means mass grading and pad development can now begin in
Phoenix has long been known for its sunshine and sprawl, but in 2025, it’s earning a new reputation—as one of the country’s most dynamic engines of economic growth. A confluence of tech sector expansion, manufacturing investment, and historic job creation is reshaping the region’s trajectory and fueling strong demand across
Mid-Year Housing Market Update: A Chilly Spring and Glimmers of Rental Resilience By Taylor Shultz (who attended the John Burns Research webinar, so you didn’t have to) If you were hoping for a mid-year housing market pep talk, the John Burns Research team had some sobering news during their recent
Build-to-Rent Housing Evolves: Porter Kyle Bets on Townhome-Style Communities Housing preferences continue to shift across the U.S., and build-to-rent (BTR) has emerged as a fast-growing segment in residential development. Once dominated by traditional apartment complexes, the BTR model now encompasses a range of formats—single-family detached homes, duplexes, horizontal apartments “villa”,
Millennial Homeownership Trends and the Rise of Build-to-Rent Living Millennials are now America’s largest generation, but when it comes to homeownership, they’re falling far behind their parents—and redefining what the American Dream looks like. In fact, just 47% of Millennials own homes, compared to 65% of Gen Xers and 74% of Baby Boomers, according
Groundbreakings 1. Flexjet has broken ground on a $36M private terminal at Scottsdale Airport. The project includes a 9.5KSF office, 34KSF hangar, 9KSF terminal, 2.4KSF terrace and 29KSF underground car park. The terminal will be located at 15115 N. Airport Drive and is expected to open in late 2026. It
Developer Porter Kyle broke ground in mid-April on “The Wayne,” a $60 million townhomes-for-rent build in north Chandler, according to a news release. The 100-unit community is one of the only build-to-rent townhome developments in Chandler, the release claims, and is expected to help meet increased market demand for housing.
Locally based developer Porter Kyle has completed development of The Cleveland in Goodyear, Ariz. GOODYEAR, ARIZ. — Scottsdale, Arizona-based builder and developer Porter Kyle has completed development of The Cleveland, a build-to-rent (BTR) asset in Goodyear, which is in Phoenix’s West Valley. The 100-unit, townhome style property is Porter Kyle’s
Porter Kyle reached a key milestone on The Cleveland Build-to-Rent (BTR) project in Phoenix’s West Valley. The Scottsdale-based vertically integrated multifamily builder and developer recently commemorated the opening of the 100-unit townhome-style BTR community in Goodyear. The Cleveland’s newly completed clubhouse facility signals the imminent arrival of its first residents. Taylor Shultz,
Curtain Raised on The Cleveland, Latest PHX BTR Community Makes Debut in West Valley Porter Kyle reached a key milestone on The Cleveland Build-to-Rent (BTR) project in Phoenix’s West Valley. The Scottsdale-based vertically integrated multifamily builder and developer recently commemorated the opening of the 100-unit townhome-style BTR community located in
Porter Kyle Closes on BTR Site Class A Townhome Community for Site PHOENIX, July, 2022 – Porter Kyle, a Scottsdale residential lifestyle developer, has paid $2,034,000 for 6.23 acres of land at 1003 N. Sarival Ave. in Goodyear, AZ. The company plans to build a Class A townhome community on