Understanding the Concept of Corporate Housing
Corporate housing refers to rentals of a temporary nature first introduced in the 1960s. It may involve the rental of a furnished apartment, condo or single-family home. These accommodations are an alternative to either a traditional or lengthy stay at a hotel. Those who live in these accommodations are usually vetted professionals and/or their families. The housing is usually paid for by other than the person using it. This includes governments and corporations.
Terms and Characteristics
Corporate housing is a specific term for this type of accommodation. However, other terms also are applied. Among them are:
• Corporate apartments
• Executive apartments/suites
• Executive rentals
• Short-term or short-stay rentals
• Furnished apartments
• Temporary apartments
• Extended-stay apartments
In all guises, this type of housing is fully furnished and includes a kitchenette or kitchen. The rent includes utilities. All have internet access and televisions.
Who Uses Corporate Housing in Virginia Beach?
This type of housing appeals to and is used by a specific number of individuals. They tend to be professionals. Among the possible residents are:
• Military personnel
• Corporate officers
• Corporate/business employees undergoing training or being relocated
• Intern groups
However, in times of disaster, they may be used for displaced individuals. They may also be let out to those with long-term medical conditions requiring care at a specialty clinic or other medical facility.
For those who need them, corporate housing can be beneficial. Fully furnished and replete with numerous amenities, they are attractive to corporate entities and military institutions providing them with comfortable, all-inclusive and stress-free accommodation.