One of the country’s largest states, Texas has been making a big impression in the economic development of present day commercial opportunities seen across the globe. Taking its place at the top in year-over-year population, job expansion and overall commercial growth; the state has been attracting residents and businesses from across the country and world over the last decade.
Appealing to out-of-state and international transplants for its low cost of living, increasing job opportunities and overall quality of living; the business community is also fueling from similar benefits the southwestern state offers.
Beginning with the accommodating business climate, big name and newly established companies are brought to the area through the nationally low taxes and regulations it provides. Also adding to its appeal are the decreased barriers to entry Texas’ vast commercial landmass enables along with the talented population it retains. “With these key factors separating the state from others in the nation for its commercial value, businesses are looking to Texas to help position them ahead of competitors and for a future of success,” shares Marcus Hiles, a leading Texas entrepreneur and CEO of the Dallas-based property firm Western Rim Properties.
The commercial industry throughout the state of Texas has seen growing interest from globally recognized organizations among the world’s leading markets. Tech and industrial sectors, hospitality, manufacturing and energy industries are among those growing their roots in the nation’s second largest state that offers some of the best in vast land mass, talented workforce, affordability and business friendly regulations.
A unique environment where a collective group of diverse companies, populations and communities can come together to create opportunities and success at scale, the state has positioned itself in a way that has attracted organizations such as AT&T, Dell and Southwest Airlines.
Fortune’s 64th annual report released late this May sees the state as owning the third largest sector nationwide for Fortune 500 Company headquarters. The businesses on this list are those leading the economy and operating at a rate that produces 2/3rds the United States GDP. With nearly $13 trillion in revenue combined, Fortune describes this elite group as the most important engine of both US and global economies.
Holding 48 of the 500 firms on Fortune’s list, it is no surprise the overall Texas economy has continued to grow steadily each year in part from these companies that are each pulling in a minimum of $5.4 billion in revenues.
“The benefits that have come to the Texas area through this level of mass business operations has also commercially impacted other areas. Small business and startup communities, business infrastructure industries such as data centers as well as the migration of out of state and international employees coming for job opportunities,” shares DFW-based entrepreneur Marcus Hiles, who has seen a growing demand in his rental properties from this commercial boom.
A prominent Texas business leaders is taking his influence and bettering the lives of disadvantaged children. Marcus Hiles, founder and Chairman of Western Rim Property Services, continues to advocate for every student’s right to obtrain the highest quality education, regardless of his or her socioeconomic standing. Putting a plan into action, Hiles purchased over 3,000 backpacks and filled them with folderns, pencils, paper and other school supplies. Then, he personally donated the packs to kids in need throughout the Dallas/Forth Worth area.
UK medicinal journal The Lancet ran a report showing how a sedentary lifestyle is more damaging to one’s health than smoking cigarettes, also concluding that between six and ten percent of all the world’s non-communicable diseases are the result of lack of activity. Marcus Hiles, the CEO of Western Rim Property Services, ensures that his developments take steps to provide ample fitness and recreational possibilities. Hiles creates impactful developments that promote healthy, active living, and here will discuss the importance of regular exercise.
Planned cities, including colonial forces like Jamestown, Philadelphia, and Charleston, have been shaping America’s core since the 16th century. Marcus Hiles, Founder, and CEO of Western Rim Property Services, believes that even today, designed communities are not only benefitting residents but stay integral to the country’s real estate market. The Texas real estate investor began constructing stunning developments over three decades ago, and since then has witnessed firsthand the transformative impact they’ve had on Texas’ citizens and economy.
Celebrated Houston property developer Marcus Hiles appreciates what tenants want when looking for a new residence. Walking trails, a must-have when it comes to amenities is often excluded from wishlists. Hiles suggests residence seekers to be sure of the presence of recreational pathways when assessing a property. As the Chairman and CEO of Western Rim Property Services, a business that has developed and currently manages significantly more than 15,000 rentals in towns across Texas, Hiles is aware about the various advantages multi-use walkways hold for residents.
Marcus Hiles has over 15,000 upmarket residences throughout Texas, and cellulose sound insulation is responsible for giving renters the feeling of having their own hideaway from the outside world at each one. While the properties exhibit the developer’s vision of community-centric features like shared recreation centers and championship golf courses, Hiles did not neglect the need for residents’ private home life—one without any audible interference from the world outside or next door. Full depth cellulose is especially effective in its ability to prevent intrusive sound. While most insulation provides some noise reduction by inhibiting sound from traveling through walls and between floors, these dense packing cellulose weakens volumes by limiting the passage of sound along cavities in a building’s structure. According to the Cellulose Insulation Manufacturers Association, cellulose insulation products have an NRC (Noise Reduction Coefficient) rating ranging upwards of .80 or higher, meaning that it absorbs 80% or more of the sound with which it comes into contact. Comprised to be roughly three times more dense than standard fiberglass, it provides a vast improvement over the other most common type of home insulation.
Marcus Hiles’ Western Rim has created breathtaking communities in the northern suburbs of the Dallas-Fort Worth metroplex that have given apartment seekers an abundance of upmarket choices. Located in regions that take full advantage of Texas’s captivating countryside, the Estates, Towers and Mansions brand properties are all within a short drive of downtown Dallas, providing the best of both city and quiet life. Built with the priority of delivering effortless comfort, the Estates 3Eighty in Aubrey contains its own park, trail and pet-friendly, off-leash dog run. All of the one- to four- bedroom apartments are expanded with outdoor living spaces and reserved covered parking. Residents enjoy access to a resort-style swimming pool, modern fitness center and private trainer. For the ultimate convenience, there’s even a Starbucks café onsite.
Hiles’ sage advice comes from expertise in building rental properties that embody luxury living. “When renters choose to live in communities that align with their lifestyles, they achieve a greater work-life balance,” he states. That equilibrium is particularly important given that a third of apartment dwellers are between the ages of 30 and 44 – the prime of their careers – and another 30 percent are between 45 and 64 years old. Hiles’ ability to design apartments that deliver resort-like amenities while maintaining an enviable commute distance ensures that Dallas will continue to trend toward renting over home ownership.
The trend towards renting instead of pursuing home ownership is on the rise for countless Millennials and other generations, increasing the need for high-quality homes. Many of these residents see units as a long-term solution rather than temporary living. According to the National Multi-Housing Council, 14 percent of the population in Texas are renters with that number expected to grow. In metro areas, the percentage is often much higher. Approximately 41 percent of the population in Houston are renters, while the number in Austin is 35 percent with San Antonio at 24 percent. As Marcus Hiles notes, “The American dream is now not owning a home but renting an apartment.” Hiles set out to create these homes in the best locations and near the top schools, ensuring the finest amenities within the complex and surrounding it.