Corporate Housing is a term used to represent furnished accommodations, usually an apartment or condo style living space, that’s available to consumers on a short term and flexible basis. Corporate Housing is geared towards people who need accommodations for longer than a few days but not long enough to warrant a conventional apartment lease. Those who are relocating to an area, are in between homes or are in an area for a short term job or assignment can find this to be a better solution than hotels or unfurnished apartments.
Advantages of Corporate Housing
Corporate Housing blends key elements of the hotel industry and the apartment leasing industry to provide a hybrid solution to its users. Corporate suites typically come pre-furnished with all of the anticipated household items that you would be used to in your own home. They also typically come with utilities, cable, internet & phone service already enabled and included in the rate of the corporate housing provider.
Corporate Housing offers residential style living as opposed to the transient atmosphere of a hotel or extended stay hotel. At the same time a typical corporate housing lease requires a minimum commitment of only 30 days allowing for flexibility for it’s users. In comparison to a hotel, a corporate suite will have a full kitchen and drastically more living space. Most will also have a washer and dryer in the apartment. These qualities allow for a healthier and more comfortable lifestyle for it’s users. Additionally, the daily rate for corporate housing is on average considerably lower than hotels in corresponding areas.
DC Corporate Housing
Washington DC Hotel
|Average Daily Rate||$130.00||$204.00 (source)|
|Tax||Tax free on 90 day + stays||14.5%|
|Living Area||Separate dining, living, sleeping areas||Shared space|
|Amenities||Full Kitchen, Dining Room, Washer & Dryer, Appliances, Cookware, etc.||Optional Kitchenette|
|Contact||Dedicated Individual contact, familiar with your reservation||Rotating daily staff members|
|Billing||Customizable and direct billing||Daily / Weekly Credit Card only|