What is a Corporate Rental? | Everything You Need to Know

Updated : Mar 17, 2025

Key Takeaways:

1. What is a corporate rental?: Corporate rentals are fully furnished accommodations for business travelers staying 30 days or more. They offer a home-like alternative to hotels. They cater to business professionals, including corporate executives, contract workers, and employees on temporary assignments or relocations.
2. Lease Flexibility: Most corporate housing offers leases starting from 30 days, with options to extend based on tenant needs.
3. Profitability: Corporate rentals can yield higher rental rates—three to four times more than traditional rentals—due to increased demand and quality tenants.
4. Market Research: Hosts should assess local cost of living and market trends to price their corporate rentals competitively.
5. Essential Amenities: Key features include fully equipped kitchens, high-speed internet, comfortable furnishings, laundry facilities, and customer support for maintenance.
6. Dynamic Pricing: Implementing dynamic pricing strategies helps hosts stay competitive and maximize revenue in fluctuating markets. 
7. Regional Insights: Certain regions, especially in the Northeast, Midwest, and Asia Pacific, are experiencing faster increases in corporate housing prices.
8. Quality Tenants: Corporate rentals attract reliable, well-mannered tenants, leading to lower maintenance costs and consistent cash flow for landlords.

Every host wants a steady income. Corporate housing might be the perfect fit! It’s a fully furnished rental—apartment, condo, or house—designed for business travelers staying 30 days or more. Think of it as a hotel alternative that feels like home. Your tenants get a comfy, move-in-ready space with everything from a full kitchen to cozy living areas, and you get a steady stream of income.

With businesses eager to keep employees happy and productive, corporate rentals are in demand. So, if you’re ready to attract professional tenants and maximize profits, corporate housing could be your next big move!

What is a Corporate Rental?

A corporate rental is a housing accommodation leased or rented to businesses or employees for temporary stays, often for business trips, project-based work, or relocations. These rentals are fully furnished and equipped for mid-term stays, offering flexibility and convenience for companies and their traveling employees.

Corporate rentals primarily cater to:

1. Business travelers on temporary assignments
2. Corporate executives relocating to a new place
3. Contract workers on short-term projects
4. Consultants and employees on extended business trips
5. Companies in need of housing for their employees during training or large-scale projects

Corporate rentals generally come fully furnished and equipped with amenities tailored to business travelers. 

They provide convenience, comfort, and a homey-vibe to help business professionals on the move feel more comfortable.

What is a Corporate Rental Lease?

Corporate housing typically offers flexible lease durations to accommodate the varying needs of business travelers. 

Here are the common lease terms:

1. Minimum Duration: Most corporate housing providers allow leases to start from as little as 30 days. This flexibility is ideal for short-term assignments or projects.
2. Extended Stays: While many tenants may stay for a month, leases are not uncommon, and they can extend up to six months or even a year, depending on the tenant’s requirements and the provider’s policies. 
3. Flexibility to Adjust: Many corporate housing options allow tenants to extend or shorten their stay as needed, making it easy to adapt to changing business circumstances without the commitment of long-term leases typical in traditional rentals.

This adaptability makes corporate housing attractive for businesses needing temporary employee accommodations.

What is a Corporate Rental Profit Margin?

​​Corporate rentals are highly profitable for several compelling reasons:

1. Higher Rental Rates: Corporate housing often commands significantly higher rental rates than traditional long-term rentals. Property owners can earn three to four times more by catering to corporate clients, as these rentals typically fall within the price range of long-term monthly fees and are often less than half the cost of comparable hotel stays. This pricing strategy allows landlords to maximize their income potential.
2. Quality Tenants: Corporate rentals attract professional tenants with reliable payment sources, often directly from their employers or booking agencies. This reduces the risk of late payments and evictions, providing landlords with peace of mind and consistent cash flow. Additionally, corporate tenants tend to maintain properties well, minimizing wear and tear, which leads to lower maintenance costs over time.
3. Lower Maintenance Requirements: Corporate housing typically requires less upkeep than other rental types. Business travelers might stay longer, leading to reduced turnover—being well-mannered would also mean you spend less on cleaning! This efficiency contributes to a higher net income for property owners.
4. Growing Demand: With the rise of remote work and increased business travel, the demand for corporate housing is expanding rapidly. Companies increasingly opt for furnished rentals as a cost-effective solution for their traveling employees, creating a robust market for property owners willing to adapt their offerings.
5. Flexibility in Management: Corporate rentals allow more flexible management strategies than traditional leases. Owners can adjust pricing based on demand, seasonality, and market trends, optimizing their revenue streams throughout the year.

How to Price Your Corporate Rental?

1. Research the cost of living in the locality: Corporate housing rates are closely tied to the local cost of living. In areas with higher living expenses, rental rates naturally increase. As a host, researching the local cost of living is a reliable way to determine the appropriate pricing for your furnished apartment. Utilizing a Cost of Living Calculator can help you gauge the financial landscape and set rates that are both competitive and reflective of the economic conditions in your city. This ensures that your Airbnb pricing strategy aligns with market expectations while covering your operating costs.

2. Research the market: You can use PriceLabs Market Dashboard’s market data to find the most interesting property and the most profitable in your target location. Market dashboards are fully automated personalized dashboards that help you track vacation rental data anywhere in the world. You can analyze your potential property type’s various vacation rental KPIs to make informed investment decisions to maximize occupancy and revenue. It also helps you look at other markets better when you expand or create your portfolio.

3. Learn about regulations and taxes: Corporate rentals are subject to specific licenses, regulations, and taxes that vary by location. For example, in San Francisco, landlords must register as a business and become certified hosts, while in Washington State, a business license is required along with compliance with local rental standards.

4. Factor in other fees: You should consider cleaning and upkeep costs for your property. This includes cleaning supplies, labor costs, repairs, replacements, and insurance costs, even if Aircover is present. 

5. Consider Dynamic Pricing: Dynamic Pricing helps you stay competitive by automatically adjusting your average Airbnb prices according to supply and demand fluctuations.

PriceLabs is a revenue management solution for the short-term rental and hospitality industry, founded in 2014 and headquartered in Chicago, IL. Our platform helps individual hosts and hospitality professionals optimize their pricing and revenue management, adapting to changing market trends and occupancy levels.

With dynamic pricing, automation rules, and customizations, we manage pricing and minimum-stay restrictions for any portfolio size, with prices automatically uploaded to preferred channels such as Airbnb, Vrbo, and 110+ property management and channel integrations.

Every day, we price over 400,000+ listings globally across 135+ countries, offering world-class tools like the Base Price Help and Minimum Stay Recommendation Engine. Choose PriceLabs to increase revenue and streamline pricing and revenue management. Sign up for a free trial at pricelabs.co today. 

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Specific Regions Where Corporate Housing Prices Are Rising Faster

According to the key insights shared, specific regions are experiencing faster rises in corporate housing prices, influenced by various economic and demographic factors. 

1. Northeast and Midwest: Cities like Hartford, Connecticut, and Cleveland are witnessing some of the most rapid rental increases in the U.S. Hartford, for instance, has seen a notable surge in demand as people migrate from high-cost urban centers to more affordable suburban areas. This shift is partly driven by remote work trends, making previously less desirable locations more appealing due to lower living costs.
2. Southern California: Areas in Southern California, while traditionally expensive, continue to see rising prices despite a general cooling in some markets. The demand for corporate housing remains strong here due to the region’s robust economy and the presence of numerous multinational corporations.
3. Asia Pacific Region: The Asia Pacific region is anticipated to be the fastest-growing market for corporate housing globally. Countries like China and India are experiencing significant economic growth, leading to increased demand for temporary accommodations as multinational companies expand their operations in these areas.
4. Urban vs. Suburban Shift: The trend of moving from urban centers to suburbs is impacting rental prices across various regions. As companies adapt to hybrid work models, employees seek more affordable housing outside major metropolitan areas, increasing prices in these suburban markets.
5. General Economic Factors: Rising inflation and low vacancy rates across many regions contribute to increasing rental prices for corporate housing. As traditional rental prices escalate, corporate housing rates often follow suit due to their correlation with overall market trends.

While traditional hotspots like New York and San Francisco maintain high average rents, emerging markets like Hartford and regions in the Asia Pacific are seeing faster growth in corporate housing prices due to shifting economic dynamics and lifestyle changes.

What Amenities are Essential for Corporate Rentals?

Essential amenities for corporate housing typically include:

1. Fully Equipped Kitchen: Includes appliances, cookware, utensils, and dining ware, allowing guests to prepare meals at home.
2. High-Speed Internet and Utilities: Wi-Fi, electricity, water, and cable services
3. Comfortable Furnishings: Essential furniture like beds, sofas, dining tables, and home essentials like bedding and towels.
4. Laundry Facilities: In-unit washers and dryers or on-site laundry services for convenience.
5. Housekeeping Services: Regular cleaning and linen changes to maintain a tidy living space.
6. Electronics: Flat-screen TVs with cable, stereo systems, and sometimes game consoles for entertainment.
7. Fitness and Recreational Areas: Access to gyms, pools, or outdoor spaces for relaxation and exercise.
8. Customer Support: 24/7 assistance for maintenance or emergencies to ensure a hassle-free stay.

The Growing Appeal of Corporate Rentals

Corporate rentals offer a convenient and flexible solution for businesses and professionals needing temporary housing. With the growing demand for remote work, project-based assignments, and corporate relocations, these furnished accommodations provide a more comfortable, home-like alternative to traditional hotel stays. Hosts can attract high-quality tenants by understanding local market trends and offering competitive amenities. For companies and individuals, corporate rentals ensure a seamless, cost-effective stay in today’s extremely competitive housing market.