What Is Corporate Housing?
Corporate-housing is mid-term-rental (30–90 days) furnished-rental for business relocations and extended travel. Tenants: relocating executives, traveling nurses, contractors. ADR equivalent and monthly rates run 20–50% above unfurnished long-term. Distribution: corporate-housing providers (National Corporate Housing, Oakwood), Furnished Finder, or direct to employers. Rental-income is stable; turnover-cost is lower than short-term-rental. Often exempt from str-permit where 30+ day stays are excluded from STR regulation.
Corporate housing is furnished-rental typically leased for 30–90 days to relocating employees, business travelers, and contractors—often arranged through employers or corporate-housing providers.
At a Glance
- What it is: 30–90 day furnished-rental for business relocations and extended travel.
- Why it matters: Premium rental-income; lower turnover than STR; quality tenants.
- Key detail: Employers or providers often arrange; Furnished Finder for nurses.
- Related: mid-term-rental, furnished-rental, short-term-rental.
- Watch for: Demand is market-specific—relocator hubs (Austin, Denver, Nashville) have more flow.
How It Works
Tenant sources. (1) Corporate relocations—employer arranges housing for 60–90 days while employee finds permanent housing. (2) Traveling nurses—13-week assignments, often via Furnished Finder. (3) Contractors—project-based, 30–90 days. (4) Extended business travel—consultants, auditors.
Distribution. Corporate-housing providers (Oakwood, National Corporate Housing, BridgeStreet) maintain networks of properties. They lease from owners and sublet to corporate clients. Owner gets guaranteed rent; provider handles tenant placement and sometimes str-management. Or you list direct on Furnished Finder, Airbnb (30+ day), or partner with relocation companies.
Pricing. Monthly rates 20–50% above unfurnished. Denver 2-bed unfurnished: $2,200. Corporate-housing: $3,000–3,500. Premium reflects furnished-rental, utilities, and convenience.
Regulation. 30+ day stays often exempt from str-permit and STR regulation in cities that restrict short-term. Verify local rules.
Real-World Example
Denver 2-bed, Oakwood partnership. Sarah lists with Oakwood. They lease her unit at $2,900/month (12-month master lease). They sublet to relocating employees at $3,400–3,800. She gets stable rental-income; Oakwood handles tenant placement. Turnover-cost: 4–6 per year. No str-permit needed—30+ day stays. Rental-income: $34,800. Unfurnished long-term: $26,400. Premium: $8,400. Furniture cost: $14,000. Payback: ~20 months.
Austin 1-bed, Furnished Finder. David targets traveling nurses. 13-week stays. $2,600/month. Rental-income: $31,200 (4 stays/year). Unfurnished: $1,950 = $23,400. Premium: $7,800. He handles str-management himself—Furnished Finder connects him to nurses. Turnover-cost: 4 cleanings/year. Lower than STR's 40+.
Nashville 3-bed, direct to employer. Lisa partnered with a healthcare system. They send relocating nurses and residents. 60–90 day stays. $3,800/month. Rental-income: $45,600. She has a steady pipeline—employer sends 6–8 tenants/year. No platform fees; direct relationship.
Pros & Cons
- Premium rental-income—20–50% above unfurnished long-term.
- Lower turnover-cost than short-term-rental—4–8 per year.
- Quality tenants—relocators and nurses have stable income.
- May avoid str-permit—30+ days often exempt.
- Provider partnerships can guarantee rent—Oakwood, National Corporate Housing.
- Smaller tenant pool—relocator demand is market-specific.
- Furnished-rental requirement—upfront furniture cost.
- Provider partnerships may take a cut—net to owner can be lower than direct.
- Vacancy between tenants—no nightly dynamic-pricing to fill.
Watch Out
- Modeling risk: Corporate-housing demand varies by market. Austin, Denver, Nashville, Phoenix have strong relocator flow. Smaller markets may have thin demand.
- Execution risk: Provider partnerships have requirements—furniture quality, amenities, response time. Vet the provider before signing.
- Compliance risk: Verify STR regulation—30+ days may be exempt. Not all cities.
Ask an Investor
The Takeaway
Corporate-housing is mid-term-rental furnished-rental for relocating employees and business travelers. Rental-income runs 20–50% above unfurnished; turnover-cost is lower than short-term-rental. Distribute via providers (Oakwood, National Corporate Housing) or Furnished Finder. Often exempt from str-permit where 30+ day stays are excluded. Demand is market-specific—relocator hubs perform best.
