How to Find the Best Corporate Housing Options

Corporate rentals offer a range of benefits that cater to the needs of executives and business travellers. Discover how to find the best ones on the market.

Jul 5, 2023

In today's fast-paced business world, executives often find themselves traveling extensively for work, requiring comfortable and convenient accommodations for extended periods. Traditional hotels may not always provide the ideal environment for productivity and relaxation. This is where executive rentals, such as monthly rental apartments and corporate leasing, come into play. In this comprehensive guide, we will explore corporate housing options, their advantages, and how they cater specifically to the needs of executives and business travelers.

What is corporate leasing?

Corporate leasing refers to fully furnished apartments or houses that cater to the needs of executives, business professionals, and individuals requiring temporary accommodations for a duration of a month or more. These rentals provide a home-like atmosphere combined with the amenities and services typically found in hotels.

In recent years, the demand for corporate apartments has surged due to their unique offerings. According to a survey conducted by the Corporate Housing Providers Association (CHPA), the average daily rate for a corporate housing unit increased by 11.4% from 2018 to 2019. This indicates the growing preference for executive rentals among business travelers.

Advantages of executive rentals

Flexibility and convenience

One of the primary benefits of executive rentals is their flexibility. Unlike traditional leases, corporate rentals offer shorter lease terms, typically ranging from one to twelve months. This allows executives to match the rental period with the duration of their assignment or project. Additionally, the convenience of month-to-month leases provides flexibility for professionals whose travel plans may change frequently.

Fully furnished accommodations

Executive homes come fully furnished with high-quality furniture, appliances, and essential amenities. These turnkey solutions save executives from the hassle of purchasing and moving furniture, enabling them to settle in quickly and focus on their work commitments. Furnished apartments also provide a comfortable and homely ambiance, making it easier for executives to relax after a long day.

Cost-effectiveness

Compared to extended hotel stays, executive rentals offer a cost-effective solution. Monthly rental apartments and corporate housing generally have lower rates compared to high-end hotels, especially for longer stays. Moreover, they often include utilities, internet access, and other services in the rental package, reducing additional expenses.

Space and privacy

Corporate homes provide more space compared to standard hotel rooms, allowing executives to have separate living, sleeping, and working areas. This additional space promotes productivity, as executives can work without interruptions and host meetings in a professional setting. Moreover, executive rentals offer a higher level of privacy, ensuring a peaceful environment for executives to unwind and recharge.

Corporate housing for business people

Corporate housing is a specialized form of executive rental designed specifically to meet the needs of business travelers. These accommodations are often located in close proximity to business centers, ensuring convenience and minimizing commute times. Corporate housing providers typically offer personalized services to cater to the unique requirements of executives.

Benefits of corporate housing

Proximity to Business Centers: Corporate housing is strategically located near major business hubs, reducing travel time and enhancing efficiency.
On-Site Amenities: Many corporate housing properties offer amenities such as fitness centers, business centers, and concierge services, providing a complete living experience.
Security and Safety: Corporate housing providers prioritize the safety and security of their residents, often employing measures like gated communities, surveillance systems, and 24/7 security personnel.
Networking Opportunities: Living in corporate housing allows executives to connect with like-minded professionals, creating networking opportunities and fostering a sense of community.

Mid-term rentals: Balancing flexibility and stability

Mid-term rentals are an alternative option for executives seeking accommodation for periods ranging from three to six months. These rentals strike a balance between the shorter leases of executive rentals and the longer-term commitments of traditional leases. Mid-term rentals offer executives the stability they require while accommodating their relatively shorter stays.

Benefits of Mid-Term Rentals:

Stability: Mid-term rentals provide executives with the stability of a fixed-term lease, allowing them to plan their stay with confidence.
Lower commitment: Compared to long-term leases, mid-term rentals offer executives a more flexible commitment, aligning with the duration of their project or assignment.
Cost savings: Mid-term rentals often come at a more affordable rate compared to short-term rentals, making them a cost-effective option for executives with longer stays.

How to get a corporate lease apartment

Research and compare options

When searching for a corporate rental, it is essential to conduct thorough research and compare multiple options. Online platforms, real estate agencies, and corporate housing providers are excellent resources for finding executive rentals tailored to specific locations and requirements.

Read reviews and seek recommendations

Reading reviews from previous tenants can provide valuable insights into the quality, services, and overall experience of a particular executive rental. Additionally, seeking recommendations from colleagues or business partners who have previously stayed in executive rentals can help identify reputable options.

Engage with corporate housing providers

Corporate housing providers like Ukio specialize in executive rentals and offer personalized services tailored to the needs of business travellers. Engaging with these providers directly can ensure a seamless and efficient rental experience, as they understand the unique requirements of executives. They also usually have furnished apartments that are move-in ready which makes the process of moving that much simpler and faster.

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Executive rentals, including monthly rental apartments, furnished apartments, corporate housing, and mid-term rentals, offer a range of benefits that cater specifically to the needs of executives and business travellers. The flexibility, convenience, cost-effectiveness, and comfort of executive rentals make them a preferred choice for those seeking extended accommodations.

By understanding the advantages and exploring various rental options, executives can find the perfect executive rental that aligns with their specific requirements and enhances their overall travel experience.

At Ukio, we pride ourselves in providing the best experience for our corporate clients. Our apartments are fully furnished, include all amenities and comforts you need after a long day of work.