Corporate housing

Consider Corporate Housing for Rent During Your Move or Relocation

Everyone who LOVES to move, raise your hand! Right, not a single hand went up because no one enjoys the packing up, unpacking, lifting and hauling, and other hassles of a move or relocation. This is why corporate housing for rent has become a popular choice for those who are in the midst of any sort of move or relocation. Whether for business or personal reasons, it can be difficult to find short-term housing that meets your needs. That means if you are a property owner, you will want to market your corporate rental as a better alternative. Of...

Corporate housing Update

Corporate Relocation Data Updates

It’s that time again, and those eager to make the most of their participation in the CHBO Certified Program will want to have key points about the whole corporate rental market. A good source and one we turn to time and again is the annual Corporate Housing Provider’s Association report, and in a previous assessment of it, we looked at the topic of relocation specifically. Let’s do that again and gauge any recent changes, and how those might affect clients considering the use of the CHBO Certified Program for standard corporate rental options and relocations. First and foremost was...

Corporate Housing

3 Business Tips and Tools for Smart Company Relocation 

Here at CHBO we know that corporate housing is just one small piece of any company relocation or individual relocation.  Our primary goal at CHBO is to quickly connect those in need of furnished monthly residential housing with the right property to meet their needs.  In addition CHBO is passionate about being a knowledge base for all the ins and outs of property management, corporate housing, business travel, corporate relocation and all of those elements that intersect with corporate housing, so today here are some company relocation tips… The decision to relocate a business is typically no different than relocating...

Corporate Housing

Corporate Housing and Furnished Apartments Are The Key Element of a Great Relocation

Whether you’re an individual relocating to a new city for work or you’re in charge of facilitating employee relocation for your business, you should be aware of the key elements for a successful relocation. You already know about compensation and other factors, but have you considered corporate housing? When employees move from one area to another, staying in a furnished apartment can be a more hospitable way to ease the transition and save money at the same time. How Employees Benefit From Corporate Housing On the employee side, staying in a furnished apartment is a lot more comfortable than...

Corporate Housing

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.   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...

Corporate Housing

Corporate Relocation Report: What does it cost????

We all know that corporate relocation clients comprise the largest segment of corporate housing users. So when they tell me relocation is on the upswing I know it is good for business. According to the last annual report from the Corporate Housing Providers Association “Relocation continues to be the main reason for client stays in the United States, with project/training the major reason Canadian clients stay in units. Relocation is a close second in Canada.” Last year in the CHBO Annual Real Estate Survey 44% said they had tenants who were relocation related. Worldwide ERC® Relocation Survey: U.S. Domestic...

Corporate Housing

What is relocation talent management?

What is relocation talent management? A few years ago I served on the Advisory Board for ERC Worldwide / Employee Relocation Council. Relocation is the single biggest reason tenants stay in corporate housing. In the beginning individuals receiving a corporate housing relocation package would generally be allotted 90 days to stay in a corporate rental while they found and setup a new permanent residence. In these days specific services were given as part of the package with everything from home buying and selling to neighborhood orientation tours.   Then about 10 years ago companies started using the “lump sum”...

Corporate Housing

New Corporate Relocation Trend – Medical Marijuana

I live in Colorado where first we made Medical Marijuana legal and now Marijuana in general is becoming legal. They are still trying to figure out all the details like what is the definition of “driving while too high.” For myself and the average observer the issue of medical marijuana is just an interesting news cycle but for others it is a life changing or life affirming requirement. Have you seen this headline? “Sick Family Needs to Relocate to a Medical Marijuana State.” Each year in the CHBO Annual Report we ask about WHY renters stay in corporate housing and...

Corporate Housing

Corporate Relocation Questions & Data

This month the annual Corporate Housing Industry Report came out showing that gross rents for Serviced Corporate Apartments was $2.66 Billion in 2012 and 37% of that business or $984,200,000.00 was a direct result of Corporate Relocation needs. According to the Annual “By Owner” Corporate Housing report 43% of property owners report having tenants related to a Corporate Relocation. Last year the CEO of CHBO served on the US Advisory Council for the ERC / Employee Relocation Council the trade organization that represents the entire Relocation Industry and according to ERC we have seen a return to Pre-Recession “New...

Corporate Housing

The Changing Face of Corporate Relocation

Back in the “good old days” when a company wanted an employee or executive to relocate to a different city, often times the company would do whatever it took to move that executive, even purchase the person’s home. Companies didn’t want anything to stand in 15the way of them acquiring top-notch talent from Anytown, USA. However, also back in the “good old days,” selling a home wasn’t nearly as difficult as it is today with homes taking months, even years to sell and many homeowners holding on to mortgages that are underwater. However, the current real estate market slump...