5 Key Factors That Have Contributed To The Popularity of Short-Term Furniture Rentals In Corporate Housing

Whenever corporate housing is the topic of discussion, relocating for business often comes to mind. According to the CHPA (Corporate Housing Providers Association) 2021 Industry Report, relocation was the #1 reason for living in corporate housing and relying on short-term furniture rentals services in Toronto. Additionally, corporate housing and other types of private accommodations now account for roughly 20% of the entire US housing market.

What factors have influenced the increase in Short-term Furniture Rentals?

Recent studies have shown that short-term furniture rentals have grown in popularity in conjunction with the increase in corporate housing use. Unlike hotels and motels, corporate housing rentals offer a greater level of amenities, flexibility, and locations, plus they are more cost-effective. The same holds true where furniture rentals services in Toronto are concerned. Here’s why:

• 1 out of every 3 temporary corporate housing properties are located in urban environments – business travelers and young professionals prefer renting furniture instead of buying it when staying in temporary urban housing. This gives them an opportunity to experience the city and its neighborhoods as well as local attractions and other events.

• Comfort is priority #1 – being able to relax as well as work in a spacious environment that is furnished with stylish furniture rentals items inToronto as well as a fully-stocked kitchen and the use of community amenities not only provides a certain level of comfort, it also enables you to be more productive and enjoy a relaxing stay.

• Cost-effectiveness – temporary housing furnished with rental furniture is a viable alternative for those companies who don’t want the added expense of moving an employee’s furniture and household belongings. Corporate housing furnished with rental furniture is the more cost-effective solution.

• Increased flexibility for short-term stays – while corporate housing is often used for 30 days or longer, the demand for such facilities has prompted providers to offer more flexibility for short-term stays. Furnishing corporate housing with furniture rentals items in Toronto is also beneficial when family and other guests come to visit.

• Privacy and a quieter atmosphere – corporate housing furnished with rental furniture offers the temporary tenant a more private, quieter atmosphere than hotels or motels. Additionally, they usually provide a range of private outdoor areas such as green spaces and rooftop patios that may not be found in hotel accommodations.

To learn more about furnishing corporate housing with rental furniture, contact Elite Furniture Rental at (855) 477-9767 today. Our business representatives are available to discuss your requirements and help you find the type of furniture you want. Call us today.