Corporate housing is designed to give stable living quarters to individuals who need them, such as long-term travelers, government contractors, MNCs and corporate professionals, and visiting medical professionals.
Furthermore, corporate housing used to occupy a different area of the housing market from other possibilities including holiday rentals and short- and long-term accommodation.
In 2022, these distinct real estate markets are increasingly blending together in the real estate sector of Lahore as well, which is providing new opportunities for investors, property managers, and landlords, according to recent trends in Pakistan.
Corporate Housing
The temporary rental of a furnished apartment, condo, or house to professionals and individuals, MNCs personals or businesses as an alternative to a regular hotel or an extended stay and relocating to another place is referred to as corporate housing and is originated in the relocation industry for higher comfort and luxury stay.
Reasons behind and benefits of corporate housing
Let’s get into the reasons behind corporate housing rentals and their benefits for multi-national corporations and businesses.
1. Saving Cost
When multi-national companies operating in different countries can benefit from corporate housing to the fullest because its cost-effective.
Businesses professionals also prefer corporate housing rentals instead of hotels because it will save them a good fortune and also allow them to enjoy a stay like home during their business trips to other countries.
In 2022, due to higher influx of tourist to urban areas vocational houses and hotel rents become more expensive and if you ask for a luxurious one then you have to pay a higher rent respectively.
Therefore, corporate housing rentals are nowadays famous among MNCs and corporate professional to enjoy their stay and business in another country.
According to a recent survey, even the intern groups and tourists also prefer to go for a corporate housing instead of booking a room in a hotel to save money and enjoy the feeling at home.
2. Pet Allowed
Another important reason behind corporate housing is that you will have the right to have your pets around in your place.
Most travelers and corporate professional prefer to go around, even if it’s a business trip, with their pets. Therefore, corporate housing is a perfect fit and option to enjoy your stay with your pets.
Corporate housing is therefore also known as pet-friendly rentals in real estate industry.
3. Fully Equipped Kitchens
Another important factor behind corporate apartment rentals is that you will be welcomed by a fully equipped kitchen to enjoy every meal you are going to have while your stay.
Some professional love and enjoy cooking their own food and therefore they prefer corporate housing as an alternative to hotel living.
4. Hassle-free
Vocational rental houses are also another alternative to hotel rooms but they come with their own hassle. But corporate housing offers maintenance facility to its residents so that you enjoy every second of your stay and avoid any difficulty.
5. Comfortable and Spacious Living Areas
Hotel accommodations are comparatively smaller than corporate housing rentals, and therefore, corporate rentals are more convenient and comfortable when it comes to the space and amenities.
Corporate rentals offer larger living space to its residents to enjoy and relax during their stay away from their home.
6. Flexible Lease Terms
Another important reason behind corporate rentals is that you often have the option to rent corporate housing whenever it is most convenient for you.
In addition, these flexible terms enable you to stay in these corporate rental homes for whether long or short a period of time you want. You can often choose to renew your lease if you so want.
You don’t need to look for a new location to live if your situation and needs changes. The length of your stay in such type of rental property is up to you.
7. Furnished Units
One of the most important reasons behind deciding the corporate housing is that the corporate professionals want such rental property that provides luxury furniture, and customized services such as in-house laundry facility and more.
Where to get the best corporate housing rental in Lahore
18Gulberg by H&S is your tailored solution located at 18-C, Golden Lane, Main Zahoor Elahi Road, Gulberg II, Lahore.
If you need to know more about other property types and their availability for investment contact us now and find the best opportunities right now in Pakistan.
