Marcus Hiles Comments On Rise Of ‘New Suburbia’

Marcus Hiles Comments On Rise Of ‘New Suburbia’
Marcus Hiles Comments On Rise Of ‘New Suburbia’

Urban rental markets saw a great influx of development over the past four years, with luxurious high-rise buildings modernizing skylines and reviving downtowns that had previously lacked upscale housing developments. But with the living costs in these areas continuing to rise faster than salaries and the availability of jobs outside of cities increasing, many in the real estate industry, such as Western Rim Property Services CEO Marcus Hiles, expect significant growth in suburban submarkets in 2017. Hiles, as Texas’ preeminent builder of high-end multi-family rental communities, explains the motivations driving the move, and the growth of “new suburbia.”

Read more: http://finance.yahoo.com/news/marcus-hiles-foresees-boom-real-004000551.html

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