Corporate Housing & Furnished Apartments
Corporate housing is a term in the relocation industry that implies renting a furnished apartment, condo, or home on a temporary basis to individuals, military personnel, intern groups, or corporations as an alternative to a traditional hotel or an extended hotel stay.
Corporate housing and extended stay hotels are two different types of accommodations.
Corporate housing typically offers larger square footage, often at costs less than that of hotels, offers full customer service, and is typically used for stays averaging one month or more.
So Who Uses Corporate Housing?
Corporate housing has emerged as more than just an essential business service for relocated or traveling business executives. Today, corporate housing is a full-fledged lodging solution for everyday individuals who need short-term furnished and even unfurnished housing that has the space and convenience of a home on the road.
Some examples of today’s corporate housing tenants include:
Businesses Traveling business executives, relocating professionals, attorneys, auditors, consultants,Education Visiting professors, graduate students, students abroad, interns
Government Legislators, lobbyists, consultants,Home Remodel,Homeowners doing extensive remodels on their primary residences and staying in corporate housing during those months of dust and noise,Individuals Extended vacations, family visits, divorcees,Insurance Families displaced due to flood, fire, mold or natural disasters,Medical Traveling nurses, visiting doctors, extended medical visits, families traveling for specialized treatment
Military, Individuals and families on military assignment, Relocation More than 40% of typical corporate housing tenants are in the process of a corporate relocation,Sports & Entertainment Professional athletes, traveling musicians, theater performers, movie crews, special event coordinators, reporters, photographers