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
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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