Corporate housing refers to fully furnished rental properties that serve business travelers, relocating employees, project-based workers, and other professionals who need temporary accommodation for extended periods, typically 30 days or more. These properties include all utilities, furnishings, housewares, and often Wi-Fi and parking, providing a turnkey living experience. Corporate housing commands premium rates compared to standard long-term leases and offers more predictable revenue than short-term vacation rentals, with significantly lower turnover and cleaning costs. The corporate housing market is driven by employee relocations, consulting assignments, insurance displacement, medical travel, and military moves. Property managers can diversify their portfolio by listing properties on corporate housing platforms alongside traditional OTAs, using a PMS like Hostaway to manage availability and bookings across all channels.
Why this matters for property managers
Corporate housing trades the higher nightly rate of short stays for longer bookings, steadier occupancy, and far less turnover work, which can lift net profit even at a lower headline price. Longer stays mean fewer cleanings, fewer gap nights, and predictable cash flow, and they often fall outside the short-stay caps that restrict nightly rentals in regulated cities. The trade-off is a more demanding, discerning tenant and the need for reliable furnishings, connectivity, and responsive service over weeks rather than nights.
Frequently Asked Questions
How is corporate housing different from a regular vacation rental?
What is the typical length of a corporate housing stay?
How can property managers attract corporate housing clients?
Is corporate housing more profitable than short-term vacation rentals?
← Back to Glossary