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 a residence. Relocation is an opportunity to pursue a promising path of further change, growth and success—and for enterprise companies, moving is a chance to take your business to the next level.

A new location may offer enhanced branding opportunities, a pool of more qualified employee candidates, close proximity to valuable customers, a greater space and even an improved quality of life. With thorough research, precise logistic and financial planning, relocation has the potential to completely transform your business.

If you’re ready to move your business, these tips and tools can help make for a smooth transition.

Location Matters

To find the right location, ask yourself, “What is non-negotiable and what can be safely comprised?” “What are my personal needs as an owner?” “Is this area where my target customers are?” Answers to these questions can help lead you to a smart decision. If you’re aiming to influence a new market, you’ll need to collect data that supports your move to a specific community.

Albuquerque Furnished Housing – CHBO City Spotlight

With so many corporate employers in the region, Albuquerque is a growing hotspot for business travelers. The need for Albuquerque furnished housing has been increasing over time, and if you are headed to “the Q” for a lengthy stay it is unlikely that you will want to spend your time in some typical extended stay property. This is why you should consider your options in corporate furnished housing and furnished corporate apartments. Why enjoy a visit or begin your move to the area in a less than comfortable setting? You don’t have to, and there are plenty of solutions for you to explore.

Information About Albuquerque

The city has more than one million residents, and as already mentioned, is home to a long list of corporations. Intel, Sandia National Laboratories, and TempurPedic are but a few of the global companies with a major presence in this region. Rated as one of the top ten cities for engineering professionals, it is expected to face an increasing demand for furnished housing in the coming years.

As the city of Albuquerque’s website reads: “Albuquerque has all the elements necessary for successful tech clusters: research centers, an environment of innovation, low cost of doing business, a sizable population of scientists and engineers, low utility rates, venture capital, support networks, and a quality of life that’s attractive to innovators.”
Albuquerque corporate housing

However, as is the case with all cities, not all of the neighborhoods of Albuquerque are alike. Many different neighborhoods provide an abundance of housing options. There are apartments in the “Uptown Loop” area of the city and there are townhouses and gated communities within easy reach of the busier downtown and industrial areas. The thing to remember when considering furnished housing in Albuquerque is whether you want many outdoor amenities or if the city life is for you.

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.  Mobility Options for corporate travelers

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 the Industry

47% Overall Economic Conditions

42% Increased Project Work

27% elocationeal Estate Market

16% Reluctance Toward Permanent Relocation

8% Regulatory Changes in the Industry

Translation:  A more “agile” workforce means more need for corporate housing.

Of course it makes logical sense to stay in a corporate housing rental if you are only going to be in a new city for a few months.  But what if you are doing a permanent relocation?  One of the trends we are seeing here at CHBO is the need for people to “Test Drive” a neighborhood.  You would never buy a new car without a test drive to see if you like the way it feels, if you can see around any blind spots, or simply to see if it works.  So why do most people just buy a house without understanding more of the details.  Before you buy you should know if you like the local grocery store, know how long your commute will take and maybe even what noise happens in the area at night.

If you are relocating, take the time to find a corporate housing rental on CHBO that is in the area you want to buy.  Take a few  months to actually live in the neighborhood to find answers to your questions and ensure you are making the most educated buying decision possible.

Read more about Corporate Relocation…