Annual Report: Corporate Rental Rates!

Admin
Published Date: 2014-01-25

Corporate Rental Rates

• Variances: Changes in Rates. 60% of respondents say they offered the same corporate rental rates in 2013 as they did in 2012. 33% reported they raised their rates in 2013, and only 8% of respondents lowered their rates. The latter is a big improvement compared to two years ago when 16% of people reported lowering their rates.

• Actual Rental Rates. The largest increase in corporate rental rates was for studio rentals, indicating increased demand. Average corporate rental rates went down for 1 bedroom, 2 bedrooms, and 4 bedroom properties, after being up in 2012.

• Rental Discounts. Consistent with last year, two out of three respondents say they offer discounts for longer-term leases.