Imagine landing a new job and moving into a beautifully furnished apartment in a prime location in your new city. Your kids are happy in their new school, and you’ve mastered your commute like a local pro. That would be the perfect scenario if you were moving for work, but what happens when your move isn’t related to a new job or a relocation? If you need to travel for your work, or if you’re in between homes, you can find a place to stay through corporate housing. Corporate housing, also called corporate rentals or executive apartments, is a short-term fully furnished rental that’s ideal for business travelers or relocating employees.
Often times, corporate housing is provided by the employer to their visiting executives or employees on work-related trips or projects. This housing typically includes all utilities and services, and can be more affordable than hotel stays or other short-term rental options.
In some cases, corporate housing is provided for displaced residents after natural disasters or crises. These housing solutions are typically in the form of temporary housing units, including apartment buildings and single-family homes that can be rented out for months at a time to people who have been relocated away from their primary homes for unforeseen circumstances.
Corporate housing can be a great way to save money on hotel rooms, especially for families traveling together. It can also be more comfortable than living out of a suitcase in hotels, as it offers a kitchen where you can cook meals and plenty of space to relax. You can even add personal touches to make it feel more like home.
What is the Meaning of Corporate Housing?
Corporate Housing is a term used in the relocation industry to describe a short-term fully furnished rental that’s usually in the form of an apartment or condo and designed with business travelers in mind. It can be leased for 30 days or less, and it’s often offered by companies who have frequent visitors from remote offices.
Some of the companies who utilize corporate housing include:
The purpose of this type of rental is to provide a more comfortable and familiar environment for workers who are temporarily away from their permanent homes. Unlike traditional hotels, which offer daily housekeeping and on-site amenities, meaning of corporate housing provides a more spacious and private apartment with a full kitchen where tenants can prepare meals. Depending on the provider, some of these rental units can even come with additional perks such as premium cable and Wi-Fi and in-unit washers and dryers.
Corporate housing providers can be found all over the world and serve a variety of markets that can range from relocating business employees to displaced residents of natural disasters and crises. While this market started out catering to business travelers, it now serves a wide variety of clients, from travel nurses to individuals and families who are looking for a more comfortable alternative to hotels or other short-term rental options.
