What is Corporate Housing?
Corporate Housing describes when one rents out a furnished (serviced) apartment, or house, on a temporary basis. Otherwise known as interim housing, extended stay, temporary housing, condotels, condo-hotels, and/or serviced apartments, corporate housing offers significantly more options than a hotel. Whether it's a full-size, fully furnished apartment in a garden-style suburban community – or a high-rise penthouse in the heart of a downtown metropolis – corporate housing provides every possible comfort of home. In your -turn fully-furnished rental, guests can raid the refrigerator for a late night snack, hold a business meeting, invite friends and family for the weekend, and/or even bring along the family pet. Corporate housing meets each customer's individual needs, whether your requirements include video games for the kids, a blender for margaritas, maid service, or a fax machine. Our guests enjoy twice the space of a hotel for a significantly lower cost.
- Full sized, fully furnished apartments in deluxe apartment communities
- Typically, extended stays are 30 days or longer (shorter stays in select locations)
- No long-term lease necessary
- Utilities and phone service included; internet service is standard in most locations
- Extensive guest services available, including maid service
- Pets permitted at certain properties
- Significantly larger than suite hotel rooms
- Easily customized to your needs
- Feels like home
- There are many names for corporate housing: interim housing, extended stay, temporary housing, condotels, condo-hotels, and/or serviced apartments.
International clients typically refer to corporate housing as “serviced apartments”. A serviced apartment is a type of furnished, self-contained apartment designed for short-term stays, and provides amenities for daily use. Serviced apartments are predictably less expensive than equivalent hotel rooms. When international travel became significantly more affordable, seasoned travelers began choosing serviced apartments over the use of hotels for short stays. Since the dot-com crash, corporate travel budgets have been restricted. Hotel stays require business travelers to pay to eat out at restaurants and for laundry services; as a result, most companies now only offer their associates the option to stay in corporate housing or serviced apartments. Savings to the bottom line for these companies has been exponential.