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About the Independent Corporate Housing Real Estate Segment: Rental Rates

post image Admin Published Date: 2019-04-10 Corporate Housing Annual survey analysis

Variance: Changes in Rental Rates

We asked respondents to evaluate their current rental rates compared to the previous year for the exact same rental property.

My rental rates 2018 vs previous 2017 rates
My 2018 rental rates
Changes in Rental Rates

Annual Occupancy:

We added a question in 2016 regarding annual occupancy. Traditional corporate housing apartments across the United States reported an annual occupancy of ?88%?last year. Please keep in mind these companies typically pay for their vacancy (rent, housewares, utilities, etc.)

2018 occupancy rates
what is your annual occupancy
In terms of your corporate rental

Discounts: Rental Rates

Traditionally, many property owners use a specific discount formula they apply to leases of three , six , nine or 12 months.

Since 2014, we’ve been even more specific in our wording. We’ve asked respondents to choose from one of five discount ranges. In making this change, the results were significantly different than in 2013.

The trend to note here is a significant shift towards not offering a discount for a longer term lease. Even though there are obvious benefits such as no “down time” and less wear and tear on the unit, owners seem to be more interested in the “month to month” rentals which is very interesting. We will continue to monitor this trend in the future.

Discounts: Rental Rates
Do you offer long term lease

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