Deciding How to Set Your Corporate Housing Rental Rate
CHBO has been a part of the corporate housing business for many years, which means we can offer with certainty the most commonly asked questions from property owners to their CHBO Property Specialists.
They include:
- How should I price my corporate apartment?
- When should I negotiate my pricing?
- When should I hold firm on the asking price?
Since setting a corporate housing rental up with a fair price is something on the minds of many corporate apartment owners, we looked into how respondents evaluated their rates from one year to the next. Looking at the finding can offer you some insight into the best rental rate while still being fair for your property and pocketbook. Here are a few things we learned:
- 32% of respondents in 2017 noted charging more in 2017 than 2016
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- Only 7% had to lower their prices in 2017
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