There are many reasons that people decide to move. Some will move for school and others will move to be closer to loved ones. Others still will move to a neighborhood with a good school district or even to get the benefits of living in the city or country or suburbs (depending on what benefits they are looking for, of course). Of course, there are many, many people who will relocate for work of all kinds.
Moving for work has become more and more commonplace as our employment rates here in the United States have continued to climb and unemployment rates to shrink. Already by the time that we had made it to the September of 2018, unemployment rates had dropped to below 4%, sitting at around 3.7%. In the time that has passed since, unemployment rates have continued to fall. Fortunately, this has meant more job creation – and more people moving from other parts of the country (or even sometimes outside of the country, depending on the scenario) to fill these jobs. But moving for work can require a lot of planning and many considerations – as can moving for just about any reason.
In some cases, you will have to relocate for a job before you are able to figure out a permanent living situation – or even sell your existing home or sublet your rental property. These are all things that take time and planning, which can prove difficult when needing to move quickly for your job. Fortunately, there are ways to minimize the confusion of this process. For one thing, corporate housing has become more and more commonplace and accessible to those relocating for work, thanks to the fact that it is currently in its fourth quarter of growth (and fourth consecutive quarter of growth, for that matter).
Corporate housing, which often comes in the form of furnished one bedroom apartments, helps people who are relocating to avoid pricey hotel rooms. Unfortunately, staying in a hotel long term just is not feasible for most people, as, for many, the cost is simply just far too high. In fact, staying in a hotel for just one day in the year of 2015 was likely to cost, on average, more than $120. This cost is one that has only continued to climb and is a cost that can quickly escalate the longer that people have to stay, quickly becoming one that is difficult to afford, if affording such a cost is even possible at all.
Corporate housing is a much more affordable option, allowing those relocating (who make up at least 40% of all those who utilize corporate housing) to stay for as long as they need while finding a more permanent place to live. In fact, most people who utilize corporate housing will stay, on average, for just over 80 days, which is nearly three full months. This leniency and affordability allow for those relocating to adjust to their new roles and positions while getting their life in order as well.
Corporate apartments come in many shapes and sizes as well. Furnished one bedroom apartments are common, as these furnished one bedroom apartments are truly short term apartments in that they do not require those who stay in them to have their own furniture. Furnished one bedroom apartments can be perfect for a single person or even a couple, but for larger families, larger short term furnished apartments will be necessary, as furnished one bedroom apartments just won’t cut it in terms of space, especially if the family were to stay in furnished one bedroom apartments for the aforementioned average period of time.
Fortunately, furnished one bedroom apartments are certainly not the only apartments that can be rented out as corporate apartments. Larger apartments with two or more bedrooms can certainly also be found, though it is true that such apartments are likely to not be as readily available and commonplace as most furnished one bedroom apartments are (or can be). Ultimately, even staying in furnished one bedroom apartments will be much more comfortable – and much more affordable – than the typical hotel room. For many people, they are worth being cramped for a short period of time.