A Corporate Housing PUBLICATION Corporate Housing Know How | Page 11

Demand for Corporate
Housing on the Rise
• Higher Demand Due to Generational Trends
• The interest millennials have in temporary housing could be due to
a lack of desire for big commitments like housing contracts, or for
an increase in multinational corporations. With recent
advancements in technology allowing individuals to communicate
over a broader international network, more young professionals
are traveling and so require temporary corporate housing options.
• More Non-Traditional Tenants
• This spike in non-traditional tenants is due to an overall increase in
demand for corporate housing. When choosing between
temporary or corporate housing over a hotel, many travellers feel
this saves costs and allows them to take out short-term contracts
with a leasing company.
• Increase in Tech and Healthcare Workers
• As technology is always advancing, there is a higher need for
specialized workers who are trained to work on advanced
projects. These projects are typically at least thirty days long and
often require the worker to travel from their home office. This is also
true for the healthcare industry, as there has long been a need for
traveling nursing.