What is Corporate Housing, Serviced Apartment, or Furnished Apartment?

A Serviced Apartments or Corporate Housing is an exclusive, fully furnished apartment or executive home. It is an excellent alternative to hotel accommodation especially when you are being relocated, between homes, or are working away from home for a period of time. An apartment is a self-contained housing unit that occupies only part of a building. Apartments may be owned (by an owner-occupier) or rented (by tenants). The term flat is used in Britain and most other Commonwealth countries to describe apartments; the term apartment is often used to describe more upmarket flats.

Some apartment-dwellers own their apartments, either as co-ops, in which the residents own shares of a corporation that owns the building or development; or in condominiums, whose residents own their apartments and share ownership of the public spaces. Most apartments are in buildings designed for the purpose, but large older houses are sometimes divided into apartments. The word apartment connotes a residential unit or section in a building. Apartment building owners, lessors, or managers often use the more general word units to refer to apartments. Units can be used to refer to rental business suites as well as residential apartments. When there is no tenant occupying an apartment, the lessor is said to have a vacancy.

For apartment lessors, each vacancy represents a loss of income from rent-paying tenants for the time the apartment is vacant (i.e., unoccupied). Lessors' objectives are often to minimize the vacancy rate for their units. The owner of the apartment typically when transferring possession to the occupant(s) gives him/her the key to the apartment or corporate housing entrance door(s) and any other keys needed to live there, such as a common key to the building or any other common areas, and an individual unit mailbox key. When the occupant(s) move out, these keys are typically returned to the owner.

How to Find an Apartment in New York

Introduction
New York offers some of the most unique and expensive apartment rentals in the country. Upper East Side doormen apartments are too pricey for most people even when shared with a roommate, but there are plenty of other options. From studios in Brooklyn's Park Slope to basement apartments in the West Village, every neighborhood has its own hidden bargains and treasures.

Instructions
Steps
Step One
Determine a price range. This is the deciding factor for most prospective apartment dwellers in New York. The least expensive Manhattan one bedrooms and studios are located in Washington Heights, the Bronx or Inwood. If you are looking for apartments with rock-bottom rents, check the less trendy sections of Queens or Brooklyn, like Bensonhurst.

Step Two
Call real estate brokers and apartment rental services. They charge a fee to help you find safe, secure apartments. You may have to go through a credit check with these services, but they do offer high quality apartments and save time by searching for you.

Step Three
Pound the pavement. Take a walk in the neighborhood where you'd like to live. Look for the occasional for rent sign. Read bulletin board postings in supermarkets, schools and churches, and in the breakroom where you work. Some of the best deals aren't advertised.

Step Four
Investigate choices on your own using the Village Voice, Craigslist, the New York Times, the New York Observer and local borough papers. Since these options are used by most apartment seekers, you need to be very lucky or persevering to get an apartment this way.

Step Five
Consider a sublet if you are looking for (or will settle for) a short term apartment. Many New Yorkers travel for business or pleasure for months at a time, and rent out their apartments temporarily to others who pay the rent for them while they are away. Most subleased apartments are fully furnished. Discuss payment and other sublease terms thoroughly before committing.

Step Six
Check roommate finder service or roommate wanted ads if you have cashflow problems. Take lifestyle concerns into account when interviewing prospective roommates. If you need to get up at five in the morning for work, make sure your roomie doesn't throw wild, all-night parties.

Tips & Warnings
Don't sublease from people who seem too flaky. They may return before the original terms have expired, and you'll be out on the street looking for another apartment way before you had planned.

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How to Find Corporate Housing (Tips and Help)

Introduction
Corporate housing can be a good temporary solution when you're relocating or waiting for your permanent home to be built.

Instructions

Step One
Assess your needs in terms of length of stay.

Step Two
Determine your monthly budget, remembering that all utilities, except long-distance telephone costs, are included in most temporary-housing rates.

Step Three
Make a list of important criteria such as number of bedrooms you'll require, proximity to schools, pet policies and amenities you desire.

Step Four
Contact your employer's human resources department or look in the yellow pages for a list of corporate-housing firms or extended-stay hotels in the desired area. If you're looking for temporary housing in another city, use the Internet or contact that city's chamber of commerce for this information.

Step Five
Call a corporate-housing specialist and describe your needs; make an appointment with the specialist to review options. Or, call the extended-stay hotels to determine which best meets your needs.

Step Six
Meet with the corporate-housing specialist and tour your selections.

Step Seven
Choose the best option and rent the home or hotel suite.

Tips & Warnings
Corporate housing includes apartments, houses and extended-stay facilities. Most large companies have arrangements with specific hotels or corporate-housing firms. Check with your employer.

Many corporate-housing companies also help renters find doctors, dentists, hairstylists and other service providers.

Corporate-housing companies usually have only weekly or monthly lease obligations. Beware of those that demand longer time commitments.

Utilities, housecleaning service, dishes and linens are usually included in the corporate-housing rate. Specifically define all extras before signing a lease.

Choose a Suite that Suits You

Synergy Corporate Housing has introduced two product lines that will better service our
client’s requirements.

The Synergy Presidential Suite —Synergy’s Presidential Suite delivers all the comforts of home with a long list of special touches that add comfort and luxury to your stay. Sit back and enjoy listening to our own Synergy Relaxation CD on a Bose Wave Audio system. Slip into a “waffle style” robe with matching slippers, and indulge in Aveda hair care and beauty products. Painted accent walls with decorative artwork that provides a warm, at-home feeling, while Wi-Fi Internet access, Direct Video Recorder, and an upgraded digital cable package keep you entertained and connected. Each bedroom is equipped with a 19-inch TV and the one-of-a-kind Synergy Sleep System with a turn-down service and Synergy Truffles to ensure your first nights stay is memorable.

The Synergy Metropolitan Suite —Designed with the business traveler in mind, this
suite has all the essential requirements to ensure our guests have a great experience, plus a
few pleasant surprises: Designer furniture and housewares located throughout the
Metropolitan Suite and complimentary Wi-Fi Internet access. Best of all, our Synergy Sleep
System ensures you have a GREAT night’s sleep.

Bay Area Corporate Housing Market Trends 2005-2006

The year 2005 revealed a major shift in the market place. Bay Area renters are beginning to
see rental prices rise as bargaining power swiftly diminishes. An improving job market has
boosted demand for Bay Area apartments since the dot-com blowout. In the past year, Bay
Area employers have gained 26,600 jobs (source: Employment Development Departments
monthly survey). Corporate profits have rebounded and the surge in the local economy is
poised to persist. Regional employment gains are strong and widespread; analysts believe the
job market will grow through 2006.

Strong economic growth in the Bay Area has created high demand for housing needs in
already densely populated areas of the Bay Area and the South Bay. Occupancy in the Bay
Area is expected to reach 96.4% in March 2006. San Francisco’s occupancy is anticipated to
reach 97.1% in Q106, exceeding Oakland’s forecast occupancy of 96% and San Jose’s
anticipated occupancy of 95.9%.

Occupancy rates caused an upward shift in rental rates. Mortgage interest rates have slowly began to steady themselves, and with such high ‘for sale” price points, most Bay Area residents can’t afford to buy. Rental apartments are the only choice for many. Developers and property management companies know they can increase rental fees with longer mandatory leases because the supply of apartments is growing at a slower rate than the number of home buyers in the Bay Area.

Ratings of Corporate Housing and Furnished Aparments Provider/Corporate Housing Rating

Collection of Ratings of Corporate Housing and Furnished Aparments Provider/Corporate Housing Rating provided by The Corporate Housing Network:

Property
"la Cagnardette" / GRIMAUD / PORT-GRIMAUD, NU(No review)
1 Bedroom Riverside Apartment / Bangkok, NU(No review)
1 East Delaware / Chicago, IL(No review)
10th Street / Washington, DC(No review)
118 Dundas St E, Unit A / Belleville, Ontario, NU(No review)
118 Dundas St E, Unit B / Belleville, Ontario, NU(No review)
1200 River / Tucson, AZ(No review)
12955 Mountain View A / Sonora, CA(No review)
12955 Mountain View B / Sonora, CA(No review)
12975 Mountain View B / Sonora, CA(No review)
14754 Reef Ct / Jacksonville, FL, USA, NU (No review)

and:

Provider
Allentown-bethehem Corporate Housing / Jamie Laflin (No review)
Us Suites - San Diego / Adam (No review)
Adj Investor Group Llc / Sherry Xiao (No review)
Management Services / Jennifer Harris (No review)
Adrian Winchester (No review)
Elle (No review)
Aisling Byrne (No review)
Andre Jacas (No review)

You can see full list of these ratings at: Corporate Housing Ratings

Not Found Enough Choices for Corporate Housing?

The Corporate Housing Network is giving the option of Request Corporate Housing options relevant to your need. If you are:

a Relocation Specialist or Corporate Housing Provider and have yet to find the perfect match for your client’s housing needs; or
an Individual relocating (with or without a company) and am responsible for coordinating your relocation and temporary housing; or
a Relocation Specialist with a group housing need and would like to be presented with multiple options....

http://www.tchnetwork.com/ is The Corporate Housing Network and providing Corporate Housing, Furnished Aparments and Short Term Rentals...!

New York Habitat Launches Furnished Apartment Market Report

New York, NY (PRWEB) July 24, 2007 -- http://www.nyhabitat.com/ proudly announces the launch of its Furnished Apartments Rental Market Report. The report evaluates the current state of New York City's furnished apartment, roommate share and vacation accommodation markets. Designed to address the questions of owners and renters, it details New York City market trends over the past three years.

The supply of furnished apartments in and around Manhattan remains tight, with continued high demand and limited inventory. Rental prices continue to rise as a function of the narrow housing supply. The market also registers a steadily growing number of apartment requests, with the average client remaining in New York for slightly longer than in previous years, according to the report.

The New York City Furnished Apartment Market Report, using original graphs, charts and analysis, addresses the following topics and more:

Average length of stay
Average price by apartment type
Percentage of apartments rented by type
Percentage of apartments rented by neighborhood
Price ranges by apartment type or neighborhood

BridgeStreet Worldwide Leads Way in Corporate Housing Certification

Herndon, VA (PRWEB) July 31, 2007 -- BridgeStreet Worldwide is pleased to announce a record number of BridgeStreet associates have received certification in the first Corporate Housing Providers Association's (CHPA) certification program. Representing 15% of certificate holders, BridgeStreet leadership and the company’s Premier Global Alliance Partners proudly retain the highest number of Certified Corporate Housing Professional (CCHP) members among the industry.

The recently created CCHP recognition reflects a dedication to setting the highest standards for professionals in the corporate housing industry and is awarded to those who successfully complete a certification examination. The two-hour, 100 question examination tests three areas of knowledge: operations, financial management and sales and marketing. Nationally recognized subject matter experts and psychometricians worked to ensure the exam’s content and format were statistically accurate and valid.

The CHPA Education Committee, comprised of corporate housing professionals who volunteer their time and expertise to ensure integrity of the program, oversees the CCHP program. BridgeStreet’s Natalie Hickernell, Vice President of Human Resources, assisted in developing the certification program as a member of the CHPA Education Committee and the Certification Development Panel Subcommittee.

“We are proud that BridgeStreet and our Premier Global Alliance Partners are leading the industry with the number of certified associates on our team,” said Lee Curtis, President and CEO of BridgeStreet Worldwide and current CHPA President. “Participating in this certification program is yet another way in which BridgeStreet clients can be assured we are holding true to our commitment of superior services and quality accommodations and our promise of making corporate housing easy. The CCHP recognition is an indication to our clients and guests that BridgeStreet associates and partners have the knowledge and expertise to meet their unique and diverse needs.”

“BridgeStreet Worldwide continues to demonstrate its dedication to the continuous improvement of the corporate housing industry with its participation in the CHPA certification process and gaining CCHP recognition,” said Mary Ann Passi, Executive Director of CHPA. “BridgeStreet is committed to providing the resources of its senior management for the betterment of the industry and has been a member of the trade association since its inception.”
BridgeStreet Worldwide is a leading international provider of corporate housing. BridgeStreet and its Global Alliance Program offer over 15,000 corporate apartments located throughout the United States and 50 cities internationally. An award winner both in the U.S. and Europe, BridgeStreet properties meet uncompromising standards of quality, comfort and service. For more information about the company or to learn more about how BridgeStreet is Making Corporate Housing Easy, visit www.bridgestreet.com or call 1-800-BSTREET.

Marriott ExecuStay Adds Luxury Bedding!

WASHINGTON, Feb. 1, 2006 - Marriott ExecuStay, the temporary- housing brand of Marriott International, Inc. (NYSE: MAR - News), is inviting guests coast-to-coast to experience its new ELITE DREAMER(TM) luxury bedding collection and several personalized touches that help them make their temporary communities their own.

"Our guests today, especially those on temporary assignment who find themselves living in a city for a few months or more, want the same tangible and intangible things they find in their own homes and offices," said Karen Blair, senior vice president of Marriott ExecuStay. "Our new tagline, LIVE LIKE A LOCAL, represents our mission to make each guest's temporary residence his or her home -- with great bedding, lots of space, forms of personal expression, and ways to spend 'found time' as they integrate into their new communities."

Ms. Blair added, "Plush bedding is something that all travelers now expect from hotels, and we're proud to say that Marriott ExecuStay is the only national temporary housing company that provides upgraded bedding -- cotton- rich sheets, plush mattress toppers, soft pillows and cozy comforters and blankets -- at no additional cost. But we haven't stopped there. ExecuStay's temporary housing niche gives us a unique opportunity to broaden the kinds of comforting and practical amenities that our guests want and need."

Ms. Blair said that demand for extended-stay lodging is up, citing statistics from The Highland Group and Smith Travel Research that showed extended-stay demand growing at a faster rate (7.2%) than regular hotel demand (3.3%) as of mid-2005.

In addition to its new bedding collection, ExecuStay's approximately 40 markets around the country are helping residential guests integrate with communities in many ways, such as referring pet sitters, arranging for a personal trainer, pointing them to a college course or yoga class, or personalizing their apartment with touches such as family photos.

"The phenomenon of 'found time' is a fact for people on longer stays, who are away from home and free from home-like obligations," said Ms. Blair. "Now, they can take a college course, join a running group, visit a local library, or even learn to play a musical instrument."

Marriott ExecuStay offers guests of 30 days or more the spaciousness and privacy of a residence that is fully furnished and accessorized, with monthly rates that include basic utilities, phone service, cable television, housekeeping and 24-hour customer service. Marriott ExecuStay is part of Marriott International's extended-stay lodging portfolio, which also includes Residence Inn, TownePlace Suites and Marriott Executive Apartments.

Apartment Express Corporate Housing, - Tampa provider of short-term housing makes 2004 Inc. 500 list.

Location: Tampa

Total Growth: 800%

2003 Revenue: $4.7 million

Employees: 18

Chris Mercer and David Lowrey provide short-term housing in Tampa for clients ranging from snowbirds to baseball players in spring training. The company recently bought a storage warehouse so that it can buy all of the furniture it uses, a move that will save it more than $500,000 a year in furniture-rental fees.

Corporate Housing By Tchnetwork!

The Corporate Housing Network is changing the way the furnished housing industry does business. TCHNetwork offers every option for your short term, furnished housing needs. Our international network of temporary corporate housing providers offer furnished accommodations from apartments and condos to single family homes and vacation rentals -- all over the world. Whether your need for a hotel-alternative is in the United States, Europe, the Caribbean, Mexico, Canada, or Asia, our extensive network of the most respected corporate housing providers will ensure that you always receive the comforts and conveniences you have come to expect.