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.
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
Phoenix Market Surges as Advanced Manufacturing, Population Boom Shape the Region’s Future Phoenix is undergoing a remarkable transformation that’s as unexpected as it is uplifting, fueled by explosive growth in advanced manufacturing and a population boom in the East Valley. Recent reports from the Arizona Commerce Authority (ACA), Site Selection
SFR’s Share of Rental Market Expands Single-family rentals (SFRs) now are the fastest-growing segment of the U.S. rental market, reaching a five-year high in market share, according to a Point2Homes analysis of Yardi Matrix data. This surge is largely driven by millennials who face ongoing challenges in affording homeownership. Increasingly,
Porter Kyle Breaks Ground on The Wayne, a $60-Million BTR Townhome Development in Chandler, AZ Porter Kyle broke ground this month on The Wayne, a roughly $60-million multifamily Build-to-Rent (BTR) project in Chandler, Ariz. The 100-unit community is one of the only BTR townhome developments in Chandler and is expected
Demand for BTR housing is projected to rise in the coming years as younger adults delay starting families. Millennials are forming households later and that pause is expected to result in home ownership being pushed back, as well. The rental housing market will likely benefit since a generation of 73
Location: Warner and Dobson roads in Chandler Description: The Wayne, a $60 million single-family rental development is being built by Scottsdale-based Porter Kyle, a multifamily builder and developer. The project will include 100 units and is Porter Kyle’s second project in Chandler. The project will have units ranging from one
DEVELOPMENT: Porter Kyle breaks ground on Arizona BTR. Porter Kyle has broken ground on The Wayne, a $60 million BTR townhome community in Chandler, Arizona. This 100-unit development marks the firm’s eighth BTR project and its second in Chandler, offering a rare townhome rental option in the area. The Wayne
Porter Kyle, a Scottsdale-based vertically integrated multifamily builder and developer, broke ground on The Wayne, a roughly $60-million multifamily Build-to-Rent (BTR) project in Chandler, Arizona. Taylor Shultz, Partner of Porter Kyle, said, “Chandler is one of the region’s premier submarkets and continues to hold strong appeal across multiple demographic sectors.