If your view of corporate housing is limited to men and women in suits paying a visit to an area, staying in a more home-like setting and then leaving within a few weeks, you will benefit from a deeper understanding. National corporate housing usage is far more than executive rentals. It can include housing for military personnel, people traveling due to medical needs or those of their families, and business people of all backgrounds (ranging from construction to technology) working in an area for more than a month.
This means that corporate housing is in great demand, and is a very lucrative area of investment. While you won’t find a huge profit potential in every area, there are many opportunities still to be found or tapped into.
If you are in a city in which an industry is emerging, it could be a new area on the national corporate housing map. For example, maybe your city has a technology sector that has recently invested and appeared in the commercial or business park. If so, this could mean temporary housing and housing for traveling executives is a new possibility.
It is also helpful to think of an investment in corporate housing as an essential service. It offers all of these different travelers a place that is more home-like and even more likely to spur productivity.
And of course, the presence of corporate housing can actually benefit the community by boosting rental incomes, increasing profits at many businesses and ensuring that homes are well-kept at all times!
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