How should I price my corporate housing rental property?

“How should I price my corporate housing rental property?” “When should I negotiate, and when should I hold firm on my rates?” What are the most asked questions at CHBO? You got it, “What are the current Corporate Housing Rental Rates.” Because these are the top questions we’re asked at CHBO, we’ve divided this topic into three sections in our CHBO Annual Report: Variance, Actual and Discounts. 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.   The great news is that 39%...

Annual Report: Corporate Rental Rates

Corporate Rental Rates Variances: Changes in Rates. 60% of respondents say they offered the same corporate rental rates in 2013 as they did in 2012. 33% reported they raised their rates in 2013, and only 8% of respondents lowered their rates. The latter is a big improvement compared to two years ago when 16% of people reported lowering their rates. Actual Rental Rates. The largest increase in corporate rental rates was for studio rentals, indicating increased demand. Average corporate rental rates went down for 1 bedroom, 2 bedrooms, and 4 bedroom properties, after being up in 2012. Rental Discounts....