What is Corporate Housing?
Corporate housing is a type of temporary accommodation specifically designed to cater to professionals on extended business stays. It’s an umbrella term that refers to fully-furnished apartments, townhouses, and condominiums that are available for rent on a short-term basis ranging between a few weeks to several months. These housing options are typically located near the office, business centers, or other central locations, making them ideal for business travelers. You'll even find nationwide corporate housing coverage.
Differences between Corporate Housing and Company Let
While corporate housing and company let are both temporary accommodation options for professionals, they differ in some ways. Company let is when a company leases property for its employees and rents out the rooms to them. This means the accommodation is owned and managed by the company, while corporate housing is owned and managed by third-party providers. Additionally, corporate housing options provide more flexibility in their lease terms, unlike company let, which typically has rigid terms.
Long-term vs. Short-term Corporate Housing
Corporate housing is divided into two categories – long-term and short-term stays. Long-term stays are those that last for 30 days or more, while short-term stays are less than 30 days. Long-term corporate housing is more cost-effective and provides better value for money, especially when staying for several months. Short-term stays are typically more expensive and tend to offer a basic package deal that includes utilities, cable, and internet.
Tips to Securing the Best Rate
Book in advance
Planning your accommodation ahead of your trip will help you save a considerable amount of money. The earlier you book, the better rates you'll get.
Use Comfy workers – Comfy workers is a third-party online platform that offers you the ability to book corporate housing at a discounted rate.
Base it on the Longest Duration
he longer the duration, the better rates you can get. Therefore, it’s essential to consider the length of your stay when booking your accommodation.
Ask Comfy Workers
Talk to an expert like Comfy Workers that does this day in, day out. They have buying and negotiating power, a proven network and can often secure better rates for you than you'd be able to do yourself.
Final tips on finding corporate housing
Corporate housing provides professionals with a comfortable and convenient temporary accommodation option while on extended business trips. However, finding cheap corporate housing can be a challenge, but with proper planning and research, it’s possible to find great deals. So, when next you are planning your next business trip, remember to consider corporate housing as an option, and follow these tips to secure the best rates.