Facts: Corporate Relocation Trends and Workforce Mobility

Did you happen to catch the most recent Mobility Magazine? As relocation continues to be the number one reason people need to stay in corporate housing it is always a good idea to watch the numbers, see the trends and know what is going on.  Mobility Options for corporate travelers

Why? Really it is simple:

Need + Mobility = Corporate Housing Renter

Understanding Relocation Trends and Workforce Mobility

Annually Weichert Relocation does a Mobility Survey and they asked “What external factors are driving the demand for a more agile workforce.”

This is how the corporations surveyed responded:

78% Talent Shortage

62% Competitive Nature of the Industry

47% Overall Economic Conditions

42% Increased Project Work

27% elocationeal Estate Market

16% Reluctance Toward Permanent Relocation

8% Regulatory Changes in the Industry

Translation:  A more “agile” workforce means more need for corporate housing.

Of course it makes logical sense to stay in a corporate housing rental if you are only going to be in a new city for a few months.  But what if you are doing a permanent relocation?  One of the trends we are seeing here at CHBO is the need for people to “Test Drive” a neighborhood.  You would never buy a new car without a test drive to see if you like the way it feels, if you can see around any blind spots, or simply to see if it works.  So why do most people just buy a house without understanding more of the details.  Before you buy you should know if you like the local grocery store, know how long your commute will take and maybe even what noise happens in the area at night.

If you are relocating, take the time to find a corporate housing rental on CHBO that is in the area you want to buy.  Take a few  months to actually live in the neighborhood to find answers to your questions and ensure you are making the most educated buying decision possible.

Read more about Corporate Relocation…

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Kimberly Smith is an accomplished entrepreneur and published author with more than 20 years experience as an entrepreneur in the areas of real estate, property management, corporate housing, website development and franchising. In 1999 Kimberly and her husband/ business partner, Eric, launched AvenueWest Corporate Housing, Inc., a multi-million dollar success story. AvenueWest provides real estate property management of furnished residential properties offering full service corporate housing services to upscale executive travelers in need of a monthly lodging solution. A recognized leader in the industry, they were awarded CHPA’s 2010 Provider Company of the Year Award and listed for 3 consecutive years on Inc Magazine’s Inc 5000 list of the countries fastest growing businesses. Inspired to help people find corporate housing and real estate solutions on a national basis, Kimberly and Eric came up with a business idea to create a national resource dedicated to connecting furnished rental properties with executive renters. In 2006 CorporateHousingbyOwner.com (CHBO) was launched, the first-of-its-kind online portal connecting furnished rentals and the traveling public. In 2013 CHBO was recognized by CHPA as the Associate Company of the Year. In 2009 AvenueWest Global Franchise was launched allowing for the national expansion of the AvenueWest Managed Corporate Housing product. Current offices are located in Phoenix, Atlanta, Fort Collins, San Francisco, Boston, Dallas, Denver and Colorado Springs.

2 Comments

  1. Jorge McMillan
    April 25, 2016

    Relocating can be very hard and challenging at times. There are so many things that go into it and its hard to know how it all goes down. This article has some great points on this that I can help me learn more about this and get it all figured out.

    Reply
  2. magcreektx
    June 3, 2015

    Hey great work.. I loved this post..Thanks for sharing this information

    Reply

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