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The following article was published in our article directory on May 24, 2010.
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The Corporate Leasing Industry is Expected to Remain Strong in 2010

Article Category: Business

Author Name: Lawrence Reaves

Corporate employees are always being asked to relocate │move to places where their companies are setting up new branches or are thinking of │considering investing in new businesses. While such relocated employees can be put up in a hotel if they are only staying for a short │brief period of time, for longer stays, corporate housing is a more cost-effective │affordable residential solution for them. Corporate housing is short-term housing that is available for rent or corporate leasing for at least thirty days │a month, the cost of which is by the corporation or employer. These residences include everything an individual or family needs to just move in, including furniture, utilities such as an Internet connection, amenities │facilities like swimming pools and spas, linen and houseware.

The that most often used corporate housing include the health care sector, the financial industry and manufacturing. But it is not just relocated corporate employees who avail of corporate housing, but anybody who needs to stay somewhere away from home for a month or more, such as heirs who are settling a loved one's estate or resolving an insurance claim.

There are a wide variety │broad range of corporate leasing housing options, from studio-type units to one, two and three-bedroom apartments. On average, corporate housing units are than hotel rooms and suites and are available in your choice of locations, from the heart of the city to suburban communities, and facilities for leisure │relaxation, shopping and other necessities, such as restaurants, supermarkets and shopping malls and bike trails.

The corporate leasing industry has become big business over the twenty years │two decades of its existence. According to the industry group Corporate Housing Providers Association (CHPA), revenues have reached $2.36 billion in 2009. However, the CHPA also admitted that the sector has weakened │softened over the past years after peaking in 2007 but was able to survive by taking advantage of its flexible inventory of units, resulting in a high occupancy rate of 88% which translates to an average of 61,280 units occupied per day. The average stay for corporate housing units also increased to 92 days from 80 days in 2008, and the average rental rate stayed strong at $3,450 a month, or $115 a day, down just 1.7% from the previous year. Industry insiders also demand for corporate housing to increase │grow further in 2010, after its weak performance over the past few years.

When searching for corporate housing, it is recommended │suggested that you deal │work with real estate agencies who specialize in providing this form of housing, as they maintain listings of appropriate units and would be in the best position to offer the right corporate leasing that meets your exact needs. These specialty agencies are also able to provide other services to those who have to temporarily relocate, including the best schools to place their children in as well as ways to navigate the often-confusing maze of local laws and regulations. While temporary relocation is a difficult process at best, it does not have to be a one as the right corporate housing can the process of adjusting to a new environment.

Keywords: corporate housing richmond, richmond extended stay, corporate leasing

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