Marcus Hiles On Millennials’ Continued Preference For Luxury Apartment Living

Marcus Hiles On Millennials’ Continued Preference For Luxury Apartment Living
Marcus Hiles On Millennials’ Continued Preference For Luxury Apartment Living

Real estate market trends correlate with periods of population and economic growth at state and municipal levels. Marcus Hiles noted that upmarket rental demand expanded regionally in 2015, and according to recent statistics from the Department of Labor, Dallas expanded its labor force to over 3.75 million with one of the lowest unemployment rates in the United States — ending 2016 at 3.5%. Across the state, over 69,000 new apartments were constructed in 2016, largely focused in the four main metro areas.

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