DALLAS, Feb. 25, 2017 /PRNewswire/ -- The
demographic cohort of individuals who stepped into adulthood at the
turn of the 21st century, widely referred to as
Millennials or Generation Y, had by the end of 2016 surpassed Baby
Boomers as America's largest population group, according to Forbes.
Texas real estate expert Marcus
Hiles points to mounting evidence that as Millennials begin to age,
they will become suburbanites, just as the generation before them,
but will also continue to revitalize communities across the U.S.,
permanently reshaping the patterns of American life.
Today, many small suburban towns are changing rapidly to meet
the needs of a strengthening consumer market with unique living and
spending habits. Population growth rates in communities outside of
cities such as Dallas,
Austin, Charlotte, Atlanta, San
Antonio, Houston,
Denver, Nashville and Portland are already exceeding those of their
urban counterparts as new, transit oriented developments are
erected. The Urban Land Institute reported "three-quarters of 25 to
34 year olds in the 50 largest metro areas live in the suburbs."
Hiles notes Millennials' preference to continue to rent as they
leave the city. Across the country, upscale apartments are being
constructed at an astonishing rate, transforming old manufacturing
sites and undeveloped acres into luxurious living spaces flush with
amenities.
Following the comprehensive, high-end design model established
by Marcus Hiles' Western Rim properties, these suburban communities
offer apartment hunters what urban life can't while retaining its
perks: lower taxes, better schools, convenient public transit, more
square feet per dollar, diverse retail, dining and entertainment
options, and walkable downtowns without the hassle of city
traffic.
Marcus Hiles is an esteemed real estate investor and the CEO of
Western Rim Property Services. Early in his career, Hiles
recognized an unmet demand for luxury living options appointed with
state of the art amenities. To fill that void, in 1988 he founded
Western Rim Property Services, which has subsequently grown to be
Texas' leading developer of
upscale rental communities, with over 15,000 townhomes and
apartments located throughout the state.
Marcus Hiles - Chairman & CEO
of Western Rim Property Services:
http://www.MarcusHiles-News.com
Marcus Hiles Images - MarcusHilesImages.blogspot.com:
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Marcus Hiles (@marcus_hiles) -
Twitter: https://twitter.com/marcus_hiles
Marcus Hiles - New Luxury
Apartments in Frisco, TX -
YouTube: https://www.youtube.com/watch?v=dmsJNbfOh-g
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SOURCE Marcus Hiles