What Are Corporate Housing Apartments?

Not all business trips can be made on a weekend or a week's visits to a branch. Very often, an executive or project manager must stay out of the office for weeks or months. Staying in a small hotel room on the outskirts of the city is not always the best solution for business men or executives. That's why many private properties offer a special service known as corporate housing apartments.

Temporary corporate housing apartments are generally designed to be a temporary or short-term solution. The availability of corporate lodging can vary from suites for long-term stays in a condominium building to fully furnished apartments. Many lodging companies are located in the heart of large cities, which eliminates the need to travel in unfamiliar surroundings. Finding an apartment for rent in New York can be problematic, but corporate housing apartments will almost always be available to short-stay tenants.

The price of corporate housing apartments can be significantly higher compared to private vacation homes, but they often include additional benefits and services. The price of corporate housing is generally negligible compared to the alternative of long-term accommodation for a client. Most of these homes/apartments are fully furnished, and cleaning services are also usually available.

The benefits of corporate housing are numerous, starting with the improvement of the living conditions of executives and managers. After a long day of productive work, guests can relax to their liking, in a homely atmosphere, instead of being in a sterile and impersonal hotel room. Couples and children of business executives often accompany them on business trips enjoying the privileges of corporate housing. Customers can store and cook their own food, which eliminates the need for the excessive cost of eating out. Business executives can also receive guests or hold private meetings outside the office.

The corporate housing apartments are usually offered by real estate agencies and other companies that rent real estate. The apartments and suites for extended stays usually announce their suitability for corporate and business accommodation. It can be especially useful to contact a rental agency in order to obtain the best conditions for temporary housing or short rentals. Private owners may be more reluctant to offer such agreements, as they would not have the security of the occupation of their property after the tenant leaves their home. Temporary corporate housing is often a lucrative source of income for rental agencies, especially in expensive cities such as New York City and Washington, DC.