Why Corporate Housing is Becoming Popular with Tenants

Corporate apartments have, for the longest time, been a preserve of relocating employees, field officers, and freelance consultants. However, today it has become one of the top choices for anyone looking for temporary housing.

Across the country, the average stay in corporate housing is approximately 84 days. This article looks at how the nature of corporate accommodations has been changing in the last decade.

From Executives to Everyday Tenants

Statistics show that relocating employees responsible for 40% of an extended stay at a corporate housing unit. Project managers, marketing, and sales execs are still opting for fully furnished houses when looking for temporary accommodation.

However, there is also an increasing number of tenants searching for short-term apartments. Some may be relocating as they try to find a new house, or the relocation may be due to a fire emergency. Most tenants want to live in a conducive environment without the pressure of moving to a new location immediately.

Extended Vacations

Some tenants may choose to stay in corporate apartments as part of their extended vacation. A fully furnished apartment has the utensils and tools to ensure they have a comfortable stay with their families.

Corporate housing units may have a full kitchen, where you can make sumptuous meals for your family. The rent may comprise of services that include housekeeping tasks at an additional fee.

Recreational Amenities

Corporate apartments merge the features of a furnished house with those of first-class hotel accommodation. The residence should, therefore, have fitness and recreational amenities. Some of the amenities popular with tenants are swimming pools, fitness gyms, and a tennis court, among others.

Gig Economy

The job market is gradually transforming due to the growth of the gig economy. Since 2010, the number of gig workers has risen by 15%, according to research from ADP. They include independent contractors who can complete their tasks remotely at their preferred location.

With so many workers on the move, corporate apartments have had to advance their features. Temporary employees need a decent broadband connection to work remotely. They also want affordable options for their needs, such as one-bedroom apartments with housekeeping services. All these options are now available in corporate apartments. A freelancer can now hire a furnished one-bedroom apartment work for on the job at hand and not have to worry about buying furniture and other amenities.

Custom Options

As the demand for corporate housing rises, so does the need for custom options for temporary stays. Some clients want a specific location with access to restaurants and conference rooms. Medical staff may opt for accommodation next to a hospital or health facility.

Pet-friendly apartments are a popular choice for tenants who want to travel in with their pups. There are temporary accommodations that allow pets, depending on their size and type. You may also want to evaluate the terms on the terms related to transportation and the flexibility of the lease.

In Conclusion

From consultants to auditors, there is a rising demand for corporate housing in NYC and across the country. Privacy, affordability, and custom option are some of the reasons behind the increasing popularity of corporate apartments. You can always find accommodation that fits your needs and preferences when you need an apartment for a temporary stay. Feel free to start your search on our website today. You can also call us to book a fully furnished apartment.