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.
The build-to-rent (BTR) townhome market continues to gain momentum as more renters seek housing options that combine the comfort of single-family living with the flexibility of renting. For today’s renters, the appeal of a townhome goes well beyond square footage—it’s about lifestyle, convenience, and long-term livability. A recent Zillow study
Phoenix Metro clearly has established itself as America’s undisputed economic powerhouse. Proof point No. 1: Eight Phoenix-area cities now rank among the top 10 municipalities nationwide with the strongest economic growth. If you want more evidence: the Phoenix metro achieved an extraordinary GDP growth between 2019 and 2023, while business
The multifamily sector is experiencing a fundamental shift in demand dynamics that extends far beyond headline absorption numbers. While the industry’s achievement of 530,000 net absorbed units over the past twelve months represents the strongest performance since the pandemic boom period, the most significant development lies in how this demand
BTR developer Porter Kyle closed a $28.5 million refinance for The Cleveland, a newly constructed 100-home build-to-rent community located at 1035 N. Sarival Avenue, Goodyear, AZ. The financing was arranged by Northmarq’s Debt & Equity team, led by Brandon Harrington and Tyler Woodard. Northmarq’s Harrington added, “The West Valley remains one of the most active and
The Cleveland reached construction completion in July 2025 and recently held its grand opening, with 25% of homes already leased. Porter Kyle, a Scottsdale-based vertically integrated multifamily BTR developer and general contractor, announced the closing of a $28,500,000 refinance for The Cleveland, a newly constructed 100-home build-to-rent community located at 1035
Early on in Connect CRE’s 2025 Summer Leadership Series, we presented the views of four key industry figures on hedging strategies for the current market volatility. Unsurprisingly, the question is one that many industry leaders have considered, and here we present responses from four more. Below you’ll find insights from Daniel
A Vision That Hit the Mark When Porter Kyle set out to develop The Ashley, it wasn’t just building another set of rental homes—the BTR developer was anticipating what Chandler’s residents would want next. The firm saw a gap in the market for upscale, low-maintenance living with the feel of
If it feels like Phoenix is in the middle of a boom, that’s because it is. The Valley is no longer just a place for sunshine and golf—it’s turning into one of the most exciting, fastest-growing innovation hubs in the country. From billion-dollar tech investments to new direct flights to
The Phoenix multifamily market is in the midst of a dynamic period defined by record-setting absorption, strong rental demand, and evolving development patterns. Against a backdrop of shifting national housing trends, the metro is seeing robust activity in both traditional apartment construction and the fast-growing build-to-rent (BTR) sector, particularly townhome-style
At the July meeting of the Federal Reserve’s Federal Open Market Committee, the benchmark effective federal funds rate was left unchanged. The FOMC last cut the EFFR, by a quarter point, in November 2024, and as 2025 began, it was expected that the committee would continue to loosen monetary policy.
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
Scottsdale-based Porter Kyle broke ground on The Wayne, a $60 million, 100-unit townhome project in Chandler. Construction starts are down in the multifamily sector, but one Scottsdale developer isn’t paying attention and is going full speed ahead. Here’s where the developer is building next. Source: https://www.bizjournals.com/phoenix/news/2025/03/05/porter-kyle-scottsdale-developer-housing-projects.html Phoenix Business Journal
Porter Kyle, a Scottsdale-based multifamily builder and developer specializing in horizontal, build to rent space, is quickly adding new luxury townhomes across the Valley, with more than 250 units in different stages of construction and entitlement and the recent sale of their 18-unit Monarch Luxury Townhomes. Located at 2335 E. Utopia Road in North Phoenix,
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
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
Porter Kyle, a Scottsdale Arizona based multifamily builder and developer has broken ground on The Cleveland, a 100-unit townhome rental community in Goodyear Arizona, and is expected to start leasing next spring. Porter Kyle recently completed construction on The Prescott at Park West in Peoria and just completed construction on
The Ashley Luxury Townhomes Open in the Heart of Chandler Class A Townhome Community in Chandler, AZ Scottsdale based Porter Kyle announced the opening of the highly anticipated Ashley Luxury Townhomes, in Chandler, AZ. The luxury community designed by Porter Kyle architects and developed by Porter Kyle Builders, is actively
Porter Kyle Opens Highly Anticipated Prescott at Park West Class A Townhome Community in Peoria, AZ Scottsdale based Porter Kyle announced the opening of the highly anticipated Prescott at Park West, in Peoria, AZ. The luxury community designed by Porter Kyle architects and developed by Porter Kyle Builders, is actively
Porter Kyle Opens The Carson in Gilbert, AZ Class A Townhome Community for Lease Scottsdale, August 2022 – Porter Kyle, a Scottsdale based residential lifestyle developer has opened its newest luxury townhome community at 13200 S Gilbert Rd, in Gilbert, AZ, less than two miles from Gilbert’s Heritage District. Managed
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