DALLAS, March 4, 2017 /PRNewswire/ -- One would hardly argue on endless advantages of upscale city life, however, the complications of urban congestion are stimulating a new trend of amenity-rich, lavish homes in the rural areas. Marcus Hiles discusses the suburban luxury apartment trend with enthusiasm, well-versed in its growing popularity from a frontline perspective as a residential developer and businessman.
Projecting that many prospective buyers would turn to rentals, when priced out of competitive, big city residences, Hiles foresaw the need. Aligned with the sentiment of a Forbes article that cites corporate moves to satellite cities as a job magnet for renters, the property mogul applied expertise and insight to create some of the most successful upscale apartment communities in suburban areas across Texas. Marcus Hiles' locations and planning proved spot on, anticipating the steep supply/demand curve that saw renters increase by seven million in a single decade from 2006 to 2016, according to REIT. Exhibiting the lowest vacancy rates in the past ten years, Fortune Magazine noted that, "Demand for suburban rental apartments has boomed while construction of those units have lagged behind."
Mimicking the urban lifestyle with sophisticated amenities, suburban apartments have evolved, offering a lot more than their urban counterparts. These attractive options deliver a sense of community and a luxurious feel, but come with a smaller price tag. Looking at trends for 2017, Market Watch describes the blended urban/suburban lifestyle providing walkability, access to shopping and services, luxury features as "surban." One look at the amenity list of Marcus Hiles' upscale communities confirms the 2017 multifamily trends outlined by Building Design + Construction, attributing the reemergence of suburban living to long term choice rather than short term solution.
Marcus Hiles founded Western Rim Property Services to create beautiful communities designed to inspire luxurious lifestyles at an affordable price. A graduate of Pepperdine and Rice Universities, Hiles has more than three decades invested in the industry, managing over 15,000 luxury style residential rentals in Texas' most desirable suburban neighborhoods.
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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