According to a Harvard University study, a variety of factors have resulted in this shift on a national level. Changes in the property and financial sectors have caused over 43 million families and individuals to elect to rent — a record-shattering increase of approximately 9 million over the last ten years. Social trends may account for part of this increase in demand, while the latest U.S. Census illustrates a high percentage of the population of Dallas are in their twenties. Millennials are statistically likely to marry and have children later in life, notes Marcus Hiles, and unmarried individuals as well as those making less than $25,000 per year have seen the biggest movement towards renting a home over the last decade.
As of December 17th, 2016, Texas has added 210,800 new jobs, largely a result of a spike in oil prices and the revival of the energy sector. Marcus Hiles, the vibrant CEO of Dallas real estate development company Western Rim Property Services and, with more than 10,000 rental units on the market and an additional 5,000 being built, one of the state’s leading job creators, recently discussed the impressive growth of the Texas economy, and how the state has returned as a national example for business, hospitality and more importantly, energy.
Marcus Hiles ensures these premier estates are designed to enrich the lives of both young professionals and families by providing features outside of the residences themselves to appeal to the tenants. On-site features depend on which location they select. A resort-style swimming pool comes complete with a sunny tanning deck, and a gourmet summer kitchen provides the perfect environment for entertaining. Outdoor Wi-Fi lounges offer the ability to enjoy nature while working, and the social club room features HDTV entertainment to enjoy alone or with family. Tenants enjoy reserved covered parking and limited access gates, so safety is optimized while a 24-hour emergency maintenance service ensures tenants can easily enjoy all the complex affords. Pet lovers are included- at Western Rim properties, caring for the entire family includes providing pet-friendly estates. Additionally, community events allow neighbors to socialize and become friends.
While school options continue to develop across the country, a school’s environment and community remain closely related to the quality of education offered. Suburban towns often have less crime than urban areas, resulting in a safer and less stressful environment with greater social growth and engagement. School districts based in suburban areas frequently spend more money per student than urban schools, leading to nicer facilities, resources, and teachers. The provides an optimal learning environment for students, having a profound effect on their overall education and a more far-reaching effect on their lives. Marcus Hiles points to the quality of life that a suburban development offers, as he continues to build and develop communities in both existing and expanding suburbs located near the state’s largest urban bases. Access to the state’s top-rated schools remains a priority, and readily available in these suburban developments.
Dallas area property development expert Marcus Hiles announced he will continue to plant 2,500 trees each year to help the environment and lower his company’s carbon footprint. Hiles is the founder and CEO of Texas-based property development firm Western Rim Property Services, which creates affordable subdivisions where renters have easy access to a luxurious lifestyle that is surrounded by trails, parks, and green spaces. The planting trees initiative is an important part of Western Rim’s goal to develop sustainable communities throughout the area.
When discussing living space, bigger is better. As the necessity of urban life becomes increasing popular, the modern renter subsequently sees the decrease of square footage — which makes Marcus Hiles’ Western Rim properties and their spacious living arrangements seem increasingly attractive. Each and every apartment or townhome is thoughtfully created with the average renter’s desire for adequate living space top of mind, providing an oasis to come home to in the midst of a bustling, hectic world.
Each community is designed to be “The Best Place in the City,” and offers the highest quality of life at immense value. Located in carefully selected premier real estate plots, Marcus Hiles’ Dallas properties are built within the best school districts and host private lakes, large parks, vineyards, and privileges at championship golf courses. Unmatched in upscale comforts, residents will enjoy lavish wood and concrete floors, attached garages, granite countertops, stainless steel Whirlpool brand appliances, marble baths with jetted tubs, and 80-ounce carpets. Clubhouses provide a retreat that sets new industry standards with cutting edge fitness facilities, expansive gathering areas, business centers, billiards rooms, and massage centers. 163-foot, resort style infinity pools are accompanied by a tanning deck, summer kitchen, outdoor wi-fi lounges, and splash parks for kids.
With an unrelenting surge in the amount of corporate relocation to Dallas, and rising numbers in both employment numbers and a new generation of homebuyers, costs in the city’s housing market are climbing to new heights. Marcus Hiles Dallas news regular and respected real estate investor has projected many of the recent changes as they have occurred, from a wave of multi-million dollar skyscraper acquisitions downtown to a shortage of homes for sale throughout the metro area. As one of the state’s most prominent community builders for the last three decades, Hiles’ breadth of experience has given him a comprehensive understanding of the market’s trends. With myriad interests that are driving up prices, he explains the most critical factors impacting the future of the area.
One of the Lone Star State’s most prominent business leaders is using his influence to take a stand for underserved youth. Marcus Hiles, CEO of Western Rim Property Services, strongly supports the right for every student to receive a high quality education, regardless of his or her family’s socioeconomic status. Hiles put a plan into action, purchasing over 3,000 backpacks – also filling them with binders, pencils, note cards and other school supplies – and personally donated them to children in need throughout the Dallas/Forth Worth area.