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Nov 20, 2017 CHBO Property Spotlight, Cities, Miscelaneous 1 Comment

Property Spotlight: A Corporate Apartment in Boston, Liberty’s Cradle

corporate housing

English Puritans may have founded Boston in 1630, but it’s grown a bit from its Puritanical roots in the last 400 years. From its role as the seat of the American Revolution, to its continued influence in shaping American culture, economy, and sport, it is one of the nation’s oldest cities and a cosmopolitan hub for the world.

The greater area, within which today’s spotlight property sits, is home to more than eight million residents. Sports fans can take in a Red Sox game at Fenway or catch the Celtics at TD Garden. History buffs have the Freedom Trail, a historic two and a half mile walking tour of key sites during the American Revolution.  When you get hungry, great breweries abound and the North End is the place for foodies, offering up some of America’s finest restaurants. The arts and culture scene thrives here with some of the best museums in the country like the Museum of Fine Arts and the JFK Museum and Library, and the city is interspersed with parks and gardens with hiking trails and picnic spots.

A Striking Short-Term Apartment in Everett

The north central suburb of Everett, Massachusetts is our location. This two-bedroom, one bath fully furnished corporate apartment in Everett will put you minutes from all that Beantown has to offer. From the Freedom Trail to Faneuil Hall, history professors would be in heaven here. A quiet neighborhood and friendly neighbors surround this colonial duplex. A private entrance leads to this top floor apartment, where the skyline view beckons you to explore.  This extended stay apartment is bright and airy; teak hardwood floors present contemporary design décor that will make you feel right at home.

The living room offers a wall-mounted plasma TV is cable equipped, and there’s Wi-Fi to keep you connected. An arched entry takes you to a sitting room with multiple sofa sets and a high bar table for meals. The long and spacious kitchen has a gas stove, breakfast nook table, and all you’ll need for dinner prep while you enjoy the city skyline view. The balcony off the kitchen is the perfect spot for to greet the morning over coffee or see the sun fade at day’s end. The master bedroom’s four-poster queen bed and colonial dresser traditional style will take you back in time in comfort, but you can take your favorite shows with you courtesy the second wall mounted plasma TV.  The second bedroom has a full size bed and dresser.

corporate housing

Reach Your Work Quickly With Public Transport

Despite its rich history, Boston’s story isn’t one to be told in the past tense. Today, the cities’ central location and high quality of life support many Fortune 1000 companies. Liberty Mutual Holding, LPL Financial, American Tower, Iron Mountain, Cabot, Boston Properties are located in Boston proper. In satellite communities around the city, companies like Wayfai, inVentiv, Nuance, Biogen, Akamai, TJX, Staples, EMC, Boston Scientific, Hologic, Waters, Hospitality Properties Trust, Clean Harbors, Analog Devices, Massachusetts Mutual, Eversource, Raytheon, Thermo Fisher Scientific, CHA Everett Hospital, Parexel, PerkinElmer, Skyworks, and Hanover ply their trade, all no further than thirty minutes drive from this apartment location in Everett. If it is higher education you seek, look no further. Legendary universities like Harvard, Tufts, MIT, Boston University, UMass, and Boston College are a stones’ throw from this home.  Five minutes drive will bring you to the inner belt, or to the Wellington station where you can take the MBTA Subway. A bus stop is just six minutes on foot. Downtown is around ten minutes by car, while Boston’s Logan International Airport is only fifteen minutes away.

 

corporate housing

Hurry Before This Furnished Rental Gets Away!

Whether you are working or relocating to Boston, this luxury apartment is the ideal location for working and exploring this remarkable town. Call the owner, GM, at +1 (978) 886-1970 today and book your extended stay.

Sep 25, 2017 Miscelaneous Post a Comment

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.

Sep 22, 2017 Miscelaneous Post a Comment

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.

Sources:

* http://www.move.com/rentals/apartment-search-tips/corporate-housing-its-not-just-for-business-travelers.aspx
* https://www.chpaonline.org/industry-statistics/
* http://blog.travelershaven.com/corporate-housing-trends/
* https://travelhelp-corporatehousing.com/category/in-the-news/