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% |
Square Footage | 700-1400 | 300-500 |
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 |