What Is Corporate Housing & Who Is It For?

Moving to a new place can be uncomfortable, whether it’s permanent or temporary. For some professionals, moving or traveling frequently is just part of their lifestyle due to their jobs.  It may be necessary to attend a three-day workshop in a metropolitan city or temporarily move to a different state to complete an assignment for work.

Those who travel frequently want to find lodging in a place that feels like home. This is exactly what corporate housing is all about. We’ve provided some general information so you can learn more about corporate housing and ways to take full advantage of everything this type of housing has to offer.

1- What Is Corporate Housing
2- Long or Short Term Rentals
3- Amenities of Corporate Housing
4- Benefits Of Corporate Housing

What Is Corporate Housing?

Corporate housing units are fully furnished apartments or condominiums that are available for short-term rental.  Rarely, single family homes are also used for corporate housing.  They are also known as executive apartments, serviced apartments, short-term rentals, or temporary housing.  People usually consider corporate housing as an option when they have to stay in a new city for a couple of weeks or months. Once you have booked a reservation for corporate housing, all you need to bring with you is your suitcase.

Long or Short Term Rentals

For short trips and professional visits, the conventional lodging option used to be a hotel. Although they were readily available solutions for a short-term stay, they tend to be less comfortable for extended stays.  To address this issue, investors came up with long term and short term rental options coupled with all the features and amenities of most hotels. That meant more space providing more space by way of including a bedroom and living room in a space equipped with furniture and appliances.

Short-term rentals often last for 10 to 14 days while long-term rentals tend to last for up to 90 days. The best feature of corporate housing is that you get all the benefits and comforts of home while away from home regardless of how long you stay.

Corporate Housing By Owner

Corporate housing by owner is a concept that connects visitors directly with the property’s landlord.  Websites serve as a platform for property owners or property managers who have furnished apartments available for rent as corporate housing to connect with people who are looking for corporate housing.  Interested travelers can often book directly on the site much like they would a traditional hotel by entering the desired check-in and check-out dates and selecting any additional amenities of their choice.

Standard Features/Amenities of Corporate Housing

• Sofa and chairs
• Dining table and chairs
• Queen bed
• End tables
• Lamps
• A TV
• Wi-fi
• Heating and air conditioning units
• Vacuum cleaner
• Laundry facilities
• Desk and chair
• Rugs
• Bed linens
• Extra blankets
• Clothes hangers
• Basic cleaning supplies
• Towels
• Hand and dish soaps
• Curtains

Why Corporate Housing Is Appealing

The comfort and convenience that corporate housing offers are its biggest draw and best feature. The convenience of having the comforts of home at your disposal helps alleviate the stress of being away from home, whether it’s short-term or long-term.

Some Added Benefits Of Corporate Housing

1) Corporate housing can also be helpful if you need a place to stay while your home is under repair or renovation.
2) Corporate housing is a great option for interns who have to go to another city to complete their assignments or job rotation.
3) Corporate housing isn’t just for business travel—families can book them as an alternative to staying in a hotel and enjoy additional privacy without sacrificing some of the key amenities hotels offer.

The Cost Factor Of Corporate Housing

Hotels are good when it comes to amenities, but they can be expensive. Corporate housing is a lot more affordable than a hotel stay regardless of how long you intend on staying.  Plus you get the added perks of additional privacy and more space.

Final Thoughts

Corporate housing is good in that it feels more like home than a hotel room and is usually less expensive. They offer everything you might need during your stay, and you get all the benefits of living in a fully-furnished private apartment with no long-term lease commitments. Corporate housing best suits those who travel frequently and can be booked on a short-term or long-term basis.