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Corporate Housing

Corporate Housing is becoming big business as the demand for executive accommodation increases year on year.

Multi national corporations send their directors and managers to work in new locations around the world and the most cost effective way of doing so is with corporate rentals and serviced apartments. Many large companies have corporate housing pre-booked year round in specific locations so that when a member of the company is required to visit one of the company offices, the accommodation is ready and waiting.

The standards are high to say the least, equal if not better than many four and five star hotels, with more of a personal ambience. The properties are in many cases at least double the size of a normal hotel suite and far more pleasant for longer term stays and in the majority of cases much more cost effective.

From an owners perspective, corporate rentals offer an excellent income if placed with a professional lettings company and also the knowledge that it will be a professional tenant that is living in the property and that all bills will be paid for by their company.

Due to the nature of the corporate housing market properties must be extremely well appointed and finished to very high specifications, this means that the property may cost marginally more to furnish and fit out, but this expenditure will quickly prove to be well spent as rental charges are higher than in the traditional rental marketplace.

If your property can be offered as a serviced apartment, the daily, weekly and monthly charges can be increased accordingly.

Typically corporate housing in found in and around key financial, commercial and industrial centres worldwide, however as companies expand into different areas of the world, the demand for quality accommodation immediately follows. Major cities such as London, New York, Hong Kong and Tokyo have long been extended stay homes for international executives, but as centres of business change, factories move and new trade and financial centres open, corporate housing requirements are urgently sought after.

Investors that have purchased properties in Dubai are sure to do well, as are those in the Beijing area. South Africa is demanding more credibility as are several areas of central and south America. Closer to home, the new European countries especially their capital cities are stamping out their territory as feasible centres for industry.

Around the Mediterranean and in Florida, the demand for high quality rental properties is also growing as more and more businesses establish themselves overseas or out of state, yet still within a short flight to major centres - although not exactly corporate housing, this market merges with the residential tourism industry of long stay tenants who demand a certain standard when away from home.

 Furnishings for both Corporate Housing and Residential Tourism properties tend to be of a higher standard as clients and owners alike, expect not just a rental property but a "Lifestyle" into which they can enter and immediately feel at home. They expect a WOW FACTOR when they enter the property plus immediate access to all essential services and information. Corporations will often book a property or properties for a year in advance when they are happy with the standards and facilities, which enables them to deploy their employees as and when necessary. To attain the essential finish that will allow you as an owner to place your property on the Corporate Housing market, you will be well advised to employ the services of a professional furniture company that specialises in comlpete turnkey furniture installations, including lighting, wall hangings and window dressings. These companies will bring out the best in your property and ensure that the property has that essential WOW FACTOR.

   Traditionally property investors bought property in a specific area and employed local outfitters to install the furnishings. Nowadays however, the sensible investor spreads his risk over a diverse area, often entailing real estate overseas and with each new location, the problems of finding a professional company to furnish the property begin once again.

Wherever you are and wherever you want to be you will find us at CU-AGAIN