Property Spotlight: A Remarkable Short Term Rental in Old Town Chicago

Chicago Corporate Rentals

chicago executive rental
Welcome to Old Town, one of the Windy City’s most historic and desirable neighborhoods. Early immigrants to Chicago, mainly German and Irish settlers who put their mark on the community, settled the Old Town Triangle Historic District. It was originally a farming community and then became an area popular with laborers. Today, it’s a thriving and up and coming area equally long on culture and amenities and a central location sure to knock out that long commute from this gorgeous executive rental.

A Short Term Rental in a Hot Market

There’s so much to see and do here; Chicago continues to set tourism records (54 million tourists in 2016 alone) to see its world-renown sights. From this fully furnished two-bedroom, two bath furnished house in Old Town, it’s only five minutes to Lincoln Park and the Zoo and just ten minutes drive to the Navy Pier and The Magnificent Mile. And it is only fifteen minutes to the Cubs at Wrigley Field, The Willis Tower, the Bulls and Blackhawks at the United Center, or the Adler Planetarium.
Granted “landmark” status in honor of its curb appeal and cultural relevance, this historic cottage has been renovated and upgraded inside and out while preserving its roots. But the great CHBO Certified photos tell the story of this home, sitting along the tree-lined thoroughfare of North Mohawk Street, in a community brimming with culture, history, and fun. An extended stay here means you can walk, jog, or use a bike share to get to gyms, farmers markets, grocery stores, and literally dozens of great restaurants. Walk, bike, play soccer, baseball, and more at Lincoln Park, or visit the free zoo or Chicago History Museum. If you drove, getting back to this furnished rental home is easy – there’s an external one-car garage reserved for corporate tenants. It can be difficult to find furnished rentals on Chicago’s north side with provided parking, not to mention a home this beautiful, so you should hurry before it’s gone by contacting the owner through the listing or call Avena, at 1-773-294-5371 today!

Take a Tour of This Executive Rental

Up a few steps and past the iconic white picket fence, you’ll enter to a colorful and lovingly restored space. An eclectic style as vibrant as the neighborhood greets you, bright colors and patterns setting a striking tone and tying together living, dining, and kitchen into one long, spacious living area. Colorful purple sofas, wall mounted bookcases, and oriental carpets mark the living room, set off by track lighting. One sofa pulls out to a full-size bed for guests. This transitions to a dining room with a formal buffet and dining table of solid wood seating up to eight lucky guests. A small step up and a bulkhead ceiling set off the dining room from an astounding and fully stocked kitchen. Plaster and tin ceiling ornamentation is preserved here and adds a unique style to a gorgeous modern space consisting of stainless steel appliances that includes a gas range, food processor, and toaster oven, along with ample dark granite counters from which to work. Should you need it, the owners have even carved out an office space on the main level where you can craft that novel you’ve been meaning to finish. Finally, a small Victorian bedroom on this level offers a twin bed and bath with Victorian claw foot tub.

chicago short term rental

From the main level, ten steps down take you to the quiet and private bedrooms of the lower level. The master bedroom is appointed with and adjustable king bed and dressers, and is colorfully painted and decorated with oil paintings highlighted by the track lighting in the tray ceilings. A long master bathroom with shower and Jack-and-Jill sink basins is beautifully decorated like an old Hollywood vanity. The second bedroom space is optionally setup as a den with lots of comfy seating and a keyboard. There’s also a laundry room on this level with washer and dryer. Wi-Fi and Cable are of course included so you won’t miss you favorite shows. This home is soon-to-be CHBO Complete, so book with confidence.

High-End Housing Plus Higher Education Nearby

Professors will love this home and access to Depaul, University of Illinois, Loyola, or the University of Chicago. It’s also just a half hour to Northwestern University. Of course, Chicago North Side business and health care is equally legendary, with the likes of Baird & Warner, ABT Electronics, Coyote Logistics, Groupon, Hyatt Hotels, JLL, Sidley Austin, Lou Malnati’s Pizzeria, Exelon, Mondel?z International, and Discover Financial Services. Insurance giants like State Farm and Allstate are here. The Rush-Copley Medical Center and the Cancer Treatment Centers of America lead the Medical field. Other nearby prominent companies includes Archer Daniels Midland, Boeing, McDonald’s, Walgreens Boots Alliance, United Continental Holdings, and Sears Holdings Corp. It’s possible to take the train or ride a bike to work, with stations just three minutes walking and a bike share just two minutes away. Wherever your Chicago assignment calls you, there are plenty of options on how to get there from this gorgeous extended stay home in Old Town.

Watch for These Five Corporate Housing Rental Trends

Corporate Housing

Watch for These Five Corporate Housing Rental Trends

Times change. Keeping up with today’s market forces can go a long way in determining your level of success as an owner in the corporate housing world.

The Supply and Demand for Short-Term Housing Will Remain On the Rise

As homes become more expensive to own and interest rates rise, demand increases for rentals. Overall demand for furnished housing continues to increase each year. Total revenues have risen to $3.2 billion, and that’s a 10.2% increase from two years ago. Generational trends could explain part of this rise. Millennials have become a larger part of the market, and they’ll be half the workforce by 2020. They’ve shown a desire (so far) to not be tied down by home ownership. Another possible cause is that as technology allows us to keep in touch from anywhere in the world, so our workforce has more mobility than it’s ever had before. Other possible ca

Even though more renters have flooded the market, there’s room for rent increases, as these haven’t kept pace. Average rents have increased 6.3% since 2015. One possible reason is that supply has increased to an all-time high of around 67,000 properties, spurred by an increase in residential construction of luxury homes and apartments. The supply increase still hasn’t kept up with the demand for corporate housing however, which makes up a full 20% of the temporary accommodation market, growing 11% in 2016 alone – at twice the rate of hotel demand.

Temporary Housing

There will be More Temporary Housing Demand in Tech and Healthcare

The pace of growth in technology has always been at breakneck speed; exceeding Moore’s Law and creating a high need for specialized and trained technology workers all over the country. This has been true for temporary placements or project workers, whose specialized expertise means getting sent to advise on projects regularly for thirty or more days. As a result, tech company staff has been one of the largest customers for furnished housing.

The other group that will continue to demand executive stay housing is Health Care workers. Aging boomers have flooded the market with demand for better and more specialized healthcare. Travel nursing is in high need, as detailed in previous articles, and that’s also expected to continue.

We’ll See More Non-Traditional Tenants

As corporate housing gets “on the radar” for more consumers, you can expect the types of tenants will grow. Corporate relocations, training trips, and temporary projects will continue to be popular, but also expect new categories such as:
* Expatriates. Many Americans working overseas, who no longer own a home in the U.S., return for summer during their children’s school vacations and stay for two to three months. 71% of Millennials have expressed a desire to work internationally at some point in their career;
* Seasonal travelers who are well-to-do in Ski Season or Surf Season looking for a convenient place to live while taking up a seasonal hobby;
* Emergency stays due to severe weather or family emergencies that displace individuals for more than thirty days; and
* Travelers with children, who don’t want to share a hotel room with the kids for a month or more, want to save on food costs, and provide a feeling of home.

More Self-Bookings Will Lead to Greater Customization

Data shows that around 69% of all tenants are self-booking. This number as steadily increased and it’s expected to continue to slowly rise. When an individual is booking their own executive stay, they can be much more focused in meeting specific needs. For example, choosing a location near a great summer school, or with a pool, or near a workout facility where they are members. Consumer demand for higher quality of life, even when it comes to temporary housing, will continue to affect the market.

Furnished Housing

Laws and Regulations Will Increase

Recent vacation rental law changes like “Primary Residence” laws and hotel taxes are dogging the holiday rental industry. These laws, passed in different cities nationwide, are in response to a variety of problems arising from vacationers such as trashed homes, misuse, and high turnovers lowering property values. Expect that some attention will come the way of corporate housing too, which is far better positioned to manage the demands of lawmakers and the HOA due to higher quality properties, stricter rules, and more responsible clients.

Landlords can best position their executive rentals by anticipating trends and changing their offerings and approach to meet them. Start with CHBO, who since 2006 has the most trusted source in the industry for great properties. List your property today by calling CHBO at 1-877-333-2426 to speak with a property specialist to answer all your advertising questions.



Property Spotlight: A Prime Penthouse on Puget Sound

A Prime Penthouse on Puget Sound

This Seattle fully furnished studio on the waterfront boasts gorgeous views of Puget Sound, a location that couldn’t be more perfect, and amenities galore that add up to far more than the sum of its parts. The exclusive penthouse community of Waterfront Landings, a full service residence, is right on the water. It’s a four- minute walk to Pier 66 or the Seattle Aquarium, and a seven-minute walk to the Pike Place Market or the Great Wheel. Yes, you read that correctly. This studio rental is right in the heart of the most prime location of this epic city, and it can now be your home during your time in Seattle.

The names that spring to mind when you mention Seattle include Amazon, Starbucks, and Microsoft. These are some of the world’s most famous brands. However, there is much more to this city than those heavyweights. Paccar, Costco, Nordstrom, Expeditors International, and Weyerhaeuser each qualified for the Fortune 500. And that’s not all. Boeing, Joint Base Lewis-McChord (JBLM), and Providence Health and Services keep economic guard here, while the nearby University of Washington is a great place to learn economics and many other subjects. Service providers like the aforementioned Pike Place Market, the Seattle Aquarium, the Ferry Terminal, Bell Street Harbor Center, and dozens of incredible restaurants are within walking distance and this would be a great corporate rental to work from during your assignment.

Waterfront Landings makes your stay so much more special with some fantastic perks. There’s an indoor Club Room, a hot tub and full fitness center. Just outside your door there’s even the Skyview Terrace rooftop patio with a barbecue grill where you can entertain new coworkers and friends. This highly secure building also features a full time concierge to help you explore. Five courtyards offer residents a private park space, and there is underground garage parking.

corporate housing seattle

Seattle at its best

If you’d like to make even more new friends, a social committee arranges ongoing events like holiday parties, movie nights, dinners out at local restaurants, and more. The 94-walk score means you won’t have to wait in traffic or go far to see sights that tourists come thousands of miles to see. Aside from the views of Puget Sound, you’ll see the Olympic Mountains, the Port of Seattle, the Pier 66 cruise ship terminal, and Mt. Rainier. Further afield, but not much further, you can visit other iconic sights like the Space Needle, Key Arena for sports and concerts, and the Paramount Theater. Just a few blocks north, you can tour the harbor on the Victoria Clipper, walk the Pacific Science Center or the Museum of Pop Culture, but be sure to bring your SLR camera because the iconic Space Needle is across the street.

Your time at home will be equally spectacular to its surroundings. Yours are 750 square feet of high ceilings, a massive private deck with a view of the waterfront, and elegant finishing. From the hardwood floors, the granite countertops, the upgraded cherry wood cabinetry, to the stainless steel appliances, this flat is appointed with high-end furnishings for your enjoyment. Not only is the space quite ample, it’s used efficiently as evidenced by the Murphy wall bed and California closets that tuck away when you don’t need them, enabling you to have a formal dining area. There’s even an office area with an Apple desktop computer and printer so you can work from home or just Google up your next adventure. The atrium features two seating areas, one of which has a day bed if you have a guest stay. The wall mounted LCD TV is subscribed to Showtime, HBO, Netflix, and Apple TV, and you can stream via high speed Wi-Fi. This is mounted above a gas fireplace where you can warm up after a cool evening lounging on your private patio. When you get hungry, the luxury kitchen provides you everything you need for a meal, including a gas stove, microwave, dishwasher, and coffee maker. Cherry wood cabinetry stands out from the neutral grays and sets off the kitchen beautifully.

seattle furnished rental

Unlike many other studio apartments, you have your own stackable washer and dryer, and bi-weekly maid service leaves the deep cleaning to others so you can focus on working hard and playing hard here on Puget Sound. This furnished studio rental is certain to be hot, so be sure contact the owner at (253) 569-1045 to reserve your place on Puget Sound today!