St. Louis Corporate Housing Corporate Housing 101 - A Quick Guide | Page 3

What is Corporate Housing?
• What is corporate housing?
• Corporate housing is something that lets you stay in a certain location for an extended
period of time when you need it. It’s basically another word for short term rental.
Corporate housing is fully furnished housing available for rent on a temporary basis.
Other words you may hear instead of corporate housing are; executive apartments,
temporary housing or short-term housing. People stay in corporate housing between
two and three months, which is longer than your average business trip. Corporate
housing may set minimum periods, for example 30 days. Corporate housing often uses
apartments. They may even use detached or single-family homes, depending on
whether these are available or not. Corporate housing refers not just to the space
being rented but also includes services.
• Who uses it?
• The main users of corporate housing are business people, people who travel for work.
However, corporate housing has recently gained interest from people in search of
medium-term accommodations, those who do not travel for work purposes. As well as
these people, Government employees on extended assignments often use corporate
housing. It is also increasingly popular for relocating employees, particularly corporate
executives. These employees might be trying to find out if the neighborhood is a good
one, and if it’s not then there is no contract to break. With Corporate housing there is
no pressure to buy or rent.