When looking for temporary accommodations, you may come across terms such as “midterm rental” and “corporate housing.” Although they may seem similar, there are distinct differences between the two. Understanding these dissimilarities can help you choose the best option for your needs.

Midterm Rental

A midterm rental is a furnished rental property leased for a period typically ranging from one to six months. These rentals bridge the gap between short-term stays, such as those on Airbnb, and long-term leases.

Typical Tenants

Midterm rentals are ideal for:

– Professionals on extended business trips 

– Relocating families

– Students and interns

– Seasonal workers

 

Features

Midterm rentals usually include:

– Fully furnished units

– Utilities and internet

– Flexible lease terms

 

Corporate Housing

Corporate housing is a specific type of midterm rental that primarily caters to business professionals and is available for stays ranging from one month to a year.

 

Typical Tenants

Corporate housing is tailored for:

– Business travelers

– Corporate relocations

– Consultants and contractors

 

Features

Corporate housing usually offers:

– Luxury and comfort

– Comprehensive services

– Convenient locations

 

Key Differences Between Midterm Rentals and Corporate Housing

1. Purpose and Target Audience

– Midterm Rentals: Cater to a broader audience and are more flexible and versatile in terms of tenant types.

– Corporate Housing: Specifically designed for business professionals, focusing on providing a seamless living experience.

 

2. Level of Service and Amenities

– Midterm Rentals: Typically offer basic furnishings and amenities.

– Corporate Housing: Provides a higher level of service, including regular housekeeping and access to luxury amenities.

 

3. Cost and Lease Flexibility

Midterm Rentals: Generally more affordable and offer flexible lease terms.

Corporate Housing: Often more expensive due to added services and amenities, with less flexible lease terms.

 

Cost Comparison

The average cost of corporate housing in the U.S. is about $150 per day, compared to $75-$125 per day for midterm rentals.

Duration

Corporate housing stays average around 83 days, while midterm rentals can range from one to six months.

In conclusion, while both midterm rentals and corporate housing provide temporary accommodations, they cater to different needs and audiences. Midterm rentals offer flexibility and affordability for a diverse group of tenants, whereas corporate housing focuses on providing high-quality, service-oriented accommodations for business professionals. Understanding these differences can help you choose the right option for your specific situation. Ready to find the perfect accommodation for your needs? Let’s help get you set up.

 

Business travel can be exhilarating, but can also be quite exhausting. Between meetings, presentations, and networking events, it can get overwhelming. To ensure you are not overwhelmed, Finding a comfortable and convenient place to stay is crucial. That’s where corporate housing comes in. Let’s examine why corporate housing is the perfect solution for business travelers. 

Comfort Like Home 🏠

One of the biggest advantages of corporate housing is the comfort it offers. Unlike a hotel room, corporate housing provides a home-like environment with spacious living areas, fully equipped kitchens, and separate bedrooms. This setup allows business travelers to unwind after a long day and even cook their meals, providing a sense of normalcy and relaxation.

Cost-Effective Solution 💰

Staying in hotels for extended periods can be expensive. Corporate housing offers a cost-effective alternative, especially for long-term stays. With all-inclusive pricing, there are no hidden fees for amenities like Wi-Fi, parking, or laundry. This transparent pricing model helps businesses manage their travel budgets more efficiently.

Ideal Locations 🗺️

Corporate housing properties are often located in prime areas, near business districts, and essential amenities. This strategic placement reduces commute times and makes it easier for travelers to access restaurants, shops, and entertainment options. At Norton Property Services, we ensure their properties are conveniently located to meet the needs of busy professionals.

Enhanced Privacy and Flexibility 🚪

Privacy is another significant benefit of corporate housing. Unlike hotels where you share common areas with other guests, corporate housing offers a private space to work, relax, and entertain guests without interruptions. The flexibility to choose the type of accommodation that suits your needs—from studio apartments to multi-bedroom units—adds to the appeal.

Fully Furnished and Ready to Go 🛋️

Corporate housing comes fully furnished with high-quality furniture and modern appliances. Business travelers can move in with just their suitcase and immediately feel at home. Everything from bedding to kitchenware is provided, ensuring a hassle-free experience.

Reliable High-Speed Internet 🌐

In today’s digital age, reliable high-speed internet is non-negotiable for business travelers. Corporate housing units are equipped with fast and secure internet connections, making it easy to work remotely, attend virtual meetings, and stay connected with colleagues and family.

Community and Networking Opportunities 🤝

Staying in corporate housing often means being part of a community of like-minded professionals. This environment can provide networking opportunities and a sense of camaraderie among residents. All of our properties also offer amenities like fitness centers, swimming pools, and social areas where you can relax and meet others.

Personalized Service and Support 🛎️

Many corporate hosting facilities offer personalized service to ensure a smooth and enjoyable stay for guests. From our customer support to maintenance services, business travelers can count on prompt assistance whenever needed. This level of support can make a significant difference, especially for those new to the area.

In conclusion, Corporate housing is more than just a place to stay; it’s a comprehensive solution that enhances the business travel experience, you can enjoy the perfect blend of comfort, convenience, and community. So, next time you’re planning a business trip, consider the many benefits of Norton Property Services and make your stay exceptional. Ready to book your stay? Visit Norton Property Services today and discover your perfect home away from home! 🌐

As a real estate agent, you understand today’s competitive landscape and know that providing valuable services to your clients is paramount. Do any of your clients face these challenges?

Common Client Problems:

• They are under contract for their current home and still searching for a home to purchase.
• They are moving to Cary or Raleigh and considering a hotel or Airbnb before they buy a permanent home.
• They are building a home that won’t be finished for months and need a place to live now.
• They are living with family or friends and can’t take it anymore 😂.

Their biggest problem? In a few weeks, they won’t have a place to live. Moving is stressful, especially without a home secured.

Be the real estate agent that solves this for them.

Why Recommend Norton Property Services?

Features & Benefits:

• Upscale Furnished Rentals 🛋️: All our apartment homes are tastefully furnished to provide a cozy, welcoming atmosphere.
• Flexible Leases 📆: We offer short and mid-term leases so your clients don’t have to choose between a long-term hotel stay or breaking a lease.
• All-Inclusive 💡📺: All utilities paid, high-speed internet with live streaming TV included in the monthly rent.
• Full-Sized Kitchen 🍳: A fully equipped kitchen so your clients can cook their meals, saving on dining out.
• In-Unit Washer/Dryer 🧺: No more laundromat trips or shared laundry facilities.
• Patio or Balcony 🌇: A private outdoor space for relaxation.
• Prime Locations 📍: Conveniently located near major highways, shopping centers, and entertainment.
• Pet-Friendly Options 🐾: We understand that pets are family too.

Additional Perks:

• Superior Amenities 🏊‍♂️🏋️‍♀️: Enjoy amenities like a fitness center, swimming pool, and community events.
• Professional Maintenance 🛠️: Prompt and professional maintenance services to handle any issues.
• Hassle-Free Living 🛌: Experience the comfort and convenience of a home without the stress of moving twice.

Why Choose Norton Over Airbnb or Extended Stay Hotels?

• Privacy and Space 🛏️: More living space and privacy compared to a hotel room.
• Cost-Effective 💰: Competitive pricing that offers more value for your money.
• Consistent Quality 🌟: Avoid the uncertainties and varying quality of Airbnb rentals.

Check Out Our Properties

Contact Us Today! 📧 Look at our properties, send me an email for more info, or have your clients get in touch. Be the agent that saves the day.

I can’t wait to hear from you!