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CHBO Corporate Housing Real Estate Report

Corporate Housing by Owner, Inc (CHBO) performs an annual survey to the independent real estate segment of corporate housing and residential rental world. CHBO gathers the results to present the trends and data acrosss this segement of rental.
 

What You Should Know About This Report

This report is different from other property management reports because it reflects input from independent owners and property managers, rather than full-service corporate housing companies. Our survey was open to anyone who owned or managed a furnished, monthly residential rental in 2015 – not just to CHBO users. Our goal is to get the best snapshot of the independent corporate housing segment, so you can learn from relevant trends and be more successful.
 

CHBO reports the 7th annual CHBO Corporate Housing Real Estate survey and finds corporate housing furnished landlords say 2016 is the year of division.  Monthly corporate housing rentals, a $2.7 billion industry, is not the same as vacation rentals and should not inadvertently be lumped into that lodging segment.

To see the difference between corporate housing and vacation rentals, just look at the renter’s length of stay.  The finding of this report states that 6 out of 10 respondents say their last tenant stayed for three months or longer. Fifteen percent (15%) say their last tenant stayed for one year or longer. At an all-time high in 2015, 78% of respondents say they would only rent their property for 30 days or more.
 

According to The Corporate Housing Providers Association (CHPA), “Corporate housing is fundamentally different from other types of short-term rentals. This well-organized industry provides a valuable service to businesses, employees and others in need of temporary housing while having a sizable economic impact on the communities where it operates. It is important that policymakers and officials understand the industry’s importance and are cognizant of its particular characteristics and value when creating and implementing short-term rental policies.”

Kimberly Smith, CEO of CHBO says, “there continues to be a strong need for professional corporate housing real estate rentals from independent property owners and managers. And personally, I believe the clients who need this type of lodging are very different from those who want a shared rental or an extended stay hotel. Think about the difference between buying a new car from a dealership versus buying a used car from an individual. These are transactions for two types of customers with very different needs. Likewise, a relocating professional who has a high paying, high pressured job and needs to relocate his or her family of five to a new city is looking for corporate housing from a professional.” 
 

Corporate Housing Reports over the year

Click the covers below to view and download the report.
2009 CHBO Corporate Housing Real Estate Report2010 CHBO Corporate Housing Real Estate Report2011 CHBO Corporate Housing Real Estate Report2012 CHBO Corporate Housing Real Estate Report2013 CHBO Corporate Housing Real Estate Report2014 CHBO Corporate Housing Real Estate Report2015 CHBO Corporate Housing Real Estate Report   

 

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