If you’re looking for short-term accommodation, you may have heard of corporate housing and might be wondering if it is a suitable alternative to short-term housing.
Corporate housing might be perfect for you and your needs. However, there are a few things to consider when determining if it’s right for you.
In this article, we’ll look at corporate housing, how it works, and how to find it.
How to Find Corporate Housing?
To find corporate housing, perform a Google search for the term and the area or city – for example, “Corporate Housing Toronto.”
Alternatively, get in touch with a rental company specializing in corporate housing – but check the company’s reputation and standing with the Better Business Bureau’s onine search function.
What is Corporate Housing?
By definition, corporate housing is any type of long-term, fully-furnished accommodation. The term ‘corporate housing’ refers to the fact that it is often used by corporations who need to find accommodation for traveling employees but don’t want to pay for costly stays in hotel rooms.
Corporate housing is mainly used by people traveling for business and accommodating contract workers or temporary employees. Because Toronto is one of the business capitals of the world, there are many corporate housing units available.
Although it was intended to be accommodation for company employees, corporate housing is also a good option for students, holidaymakers, and those who need temporary housing while between homes.
Although the costs of staying in corporate housing are usually higher than other types of short-term housing, corporate housing units are typically fully-equipped and offer additional services and amenities like cleaning and parking. Corporate housing units are usually centrally located for convenience.
Who Uses Corporate Housing?
Corporate housing is a good option for people who need fully-furnished temporary housing.
For people who have closed the sale on their house but don’t have anywhere to stay while they wait to occupy their new home, other short-term housing options like vacation rentals may be a better choice. Before moving out of your home, research which temporary housing options will best suit your needs and budget.
If you need temporary housing in an ‘off-season,’ you may be able to find more budget-friendly options with vacation rental deals – so do your homework to figure out what will work for you.
What Does Corporate Housing Cost?
The cost of any rental housing will depend on factors like how long you’ll be staying, where it is situated, and the unit size. Corporate housing is no different. Usually, staying in corporate housing will be more expensive than staying long-term in an unfurnished apartment. With corporate housing, the longer the stay, the less you’ll have to pay.
Most corporate housing companies offer discounts for the length of stay on a sliding scale – with discounts for monthly, weekly, and daily rates. Of course, you’ll pay more to rent a one-bedroom than a bachelor pad, more for a three-bedroom vs. a two-bedroom apartment, and so on.
If you need special accommodations for children and pets, you may have to pay an additional fee – so clarify this with the company before booking.
The location of the rental will also play a massive role in the price of a unit, with units in Downtown Toronto fetching a higher price. Consider the location and whether you need to be near any amenities before booking.