Corporate housing is one of the few real estate sectors to see continued activity throughout the downturn. The cost and efficiency savings of using a corporate rental over a hotel for employers who have to send their people around the country have offered too much to ignore.
The ability to offer employees more, for less is a compelling reason why corporate rentals, in Boston and elsewhere have remained buoyant throughout the past few years. It’s testament to the value and the cost savings associated with using them over a hotel.
What is Corporate Housing?
Corporate housing is a term used to describe a furnished rental used by an employer to house their staff while working on their behalf. There are many industries in the public and private sector that involve a lot of travel. Corporate housing is here to serve anyone who needs somewhere to stay for 30 days or more.
Corporate housing is made up of standard rented property, but are often of a higher standard. They might include maid service, laundry, even grocery deliveries as part of the rental. All the services will be connected, maybe including cable and internet and will be included in the rent.
Corporate housing offers a cost-effective alternative to housing employees in hotels for several weeks at a time. Not only are there significant cost savings involved, there are also productivity and motivational benefits too.
The Many Benefits of Corporate Housing
Hotels are great when you’re on vacation, but not so much when you’re working. If you’re staying someplace for a few weeks, that small hotel room begins feeling small, fast.
The advantage of a corporate property is that it could be an apartment, town house or even a single family home. They will be in residential districts, with other properties and can be selected for their proximity to the place of work or other conveniences.
You probably know the benefits of living on your own and doing things your own way. Those same benefits apply here. In a hotel, you eat at a given time and only what’s on the menu. Breakfast is also at a specific time, as is housekeeping. If you’re not hungry then, you either go without, eat out, or order room service. None are ideal unless you’re in the mood for it.
A corporate rental offers all the same freedoms as your own home, it just means you have to do your own cooking. You can eat when you want and live exactly how you want.
Corporate housing is popular because it offers benefits to both the employer and employee. The next time you need corporate housing in Boston, call Travelers Haven. We’ll find that perfect place!