What is Corporate Housing?

For business travelers, relocating professionals, and corporate clients, finding suitable accommodation may be quite a problem. This is where corporate housing steps in. But what is corporate housing, and why is it so fast gaining popularity among business and travel enthusiasts? Let us break down everything you should know about corporate housing in this guide—from its benefits to how things work to tips on making the most of this accommodation option.

What is Corporate Housing?

Corporate housing refers to temporary, fully furnished housing tailored to meet requirements such as those of individuals or companies seeking short-term stays of 30 days or more. Accommodations of this nature are usually used by traveling executives and relocating employees who are looking for that atmosphere of a home away from home without long-term lease commitments.

Benefits of Corporate Housing

For the business traveler, and any other corporate employee who may need temporary housing, corporate housing is most attractive because it has many advantages over staying in a hotel or entering into a rental agreement.

1. Comfort and Convenience

The corporate apartments are fully furnished, starting from the living rooms down to the bedrooms and kitchen spaces. This is homier than the general hotel room, and guests will easily fit in and feel at home. Such furnishings often come with modern appliances and fashionable decor to give style to the living experience.

Most corporate housing units come with certain key amenities like high-speed Wi-Fi, utilities, housekeeping services, and sometimes even parking. This becomes a turnkey solution for busy professionals who do not have the energy or time to manage a lot of services, knowing that everything is cared for to ensure a hassle-free stay.

2. Cost-Effectiveness

Corporate housing charges a flat rate that includes utilities and other essential services that, in contrast with a hotel, are charged individually; hence, it will be easier to manage budgets without any unexpected expenses.

In cases where an extended visit may be needed, corporate housing is normally cheaper than a hotel. When one considers the costs involved, mainly with food, laundry, and other services over which charges are attached in a hotel, corporate housing stands out as very cheap, thus allowing one to divide his budgets accordingly.

3. Flexibility

Corporate housing provides flexible tenancy agreements, which opens the way for easy accommodation for a tenant for as long as the need arises without committing to a long-term lease. This adaptability benefits professionals who are working on temporary assignments or who are undergoing some transition phases in their career.

Whether you need a studio apartment to stay alone or a spacious three-bedroom suite for a family or colleagues, corporate housing can accommodate various space and privacy requirements. Many providers offer different layouts and sizes to make sure you find the right fit for your situation.

4. Prime Locations

Corporate housing is either located in business districts or at convenient city locations, thus easily accessible to the workplace, public transit, and all types of local attractions. It saves time and increases convenience in daily life during your stay.

Most of the apartments are in secure, well-maintained neighborhoods that provide safety and peace of mind to all travelers. Access to local restaurants, gyms, and entertainment further makes the living experience complete by letting one enjoy the local culture.

How Corporate Housing Works  

Interested in exploring corporate housing? Here's a step-by-step process to help you get started and on the right track:

Step 1: Identify Your Needs

First, determine exactly how long you will be staying and how many people it will accommodate, together with any other special facilities or services you may need. This will lead you to focus your search in finding accommodation that will best suit your case.

Step 2: Research Providers

Find some trusted corporate housing providers in and around the location you're targeting. Some of the big ones are Oakwood, National Corporate Housing, and Corporate Housing by Owner. Be sure to check online reviews; better still, ask colleagues or anyone within your industry for referrals—the latter probably having dealt with corporate housing themselves. A highly rated provider really makes a difference in experience.

Step 3: Compare Options

Weigh the pros and cons of various options with regard to location, price, amenities provided, and duration of lease. If possible, visit the place or request a virtual tour for a feel of the space better. This detailed comparison will give you a clear idea of what should be decided upon in your best interest and preference.

Step 4: Secure Your Reservation

Once an appropriate option is found, the provider needs to be informed and a reservation made. Provide them with all the information that pertains to your stay: the dates for check-in and check-out, special requests, and the number of guests. Step 4 above will guarantee clear communication for a problem-free booking.

Step 5: Review the Lease Agreement

Go through the lease agreement before finally confirming your stay. Carefully read the conditions, terms, cancellation policy, and any other fees that might be added to your bill. Understanding this in advance can prevent miscommunication during your stay.

Step 6: Enjoy Your Stay

Now that you're all squared away, get some rest and get settled in to make the space your own! Take advantage of the amenities on hand to get comfortable in your new environment and enjoy the comfort and convenience of your temporary residence. Get to know the local area and your neighbors, and take advantage of what corporate housing has to offer.

If you are searching for a new office space for your business, let's arrange a tour to one of our spaces in El Segundo, Manhattan Beach and Hermosa Beach locations.

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