You’re planning to relocate to a new city for a job or to be closer to family, but you haven’t found a house to live in yet. What now? Now is the perfect time to rent a temporary apartment or home from a corporate housing provider, explained business expert Brian Ferdinand in a recently published article. Corporate housing units are full-service solutions that offer home comforts and top-tier amenities for guests. Let’s delve into the benefits of corporate housing for both travelers and the communities they are staying in.
A Rundown on Corporate Housing
In the recently released article, Brian Ferdinand, the managing partner of SoBeNY and its parent company, CorpHousing Group, highlights that corporate housing providers offer furnished spaces to individuals, corporations, and military personnel typically for more than a month’s time. These spaces may range from apartments to single-family residences and condos.
The benefit of corporate housing units is that they tend to be more spacious, private, and comfortable when compared with extended-stay hotels. In addition, they allow you to stay among the local residents of the city you are traveling to. This is especially invaluable if you are considering making that city your permanent home.
Corporate housing units are also beneficial for business travelers, as they provide the comfortable environments that these workers need to stay focused and engaged while completing assignments.
When it comes to business travel, professional services and technology remain the biggest generators of demand for corporate housing. However, in addition to catering to workers in training, consultants, and even relocating employees in these industries, corporate housing draws medical professionals as well as entertainment and film crews. This type of housing can also help people who have been displaced by natural disasters or fires, as well as patients who are receiving specialized care miles from home.
Local Community Benefits of Corporate Housing
Corporate housing positive impacts communities in various ways, both indirectly and directly. For instance, the owners of corporate housing properties experience the benefits of collecting reliable income from generally reputable tenants. In addition, those who live near corporate housing reap the benefits of living beside residences that are closely managed and well kept.
Local economies additionally benefit from corporate housing, which can have a strong economic impact in terms of the rental fees paid and visitor spending.
In light of the above, it is no wonder that corporate housing remains in high demand among accommodation seekers across the United States.