It is safe to say that the corporate housing industry has prevailed through the weak housing market and economic recession. The Corporate Housing Industry Report reported that in 2008 the average daily rate of corporate housing was up 1.2 percent. Although occupancy rates in 2008 dropped slightly to 88.5 percent from 89.7 percent in 2007, the drop did not affect the overall industry. The report also revealed that markets with the greatest growth in corporate housing, include Washington, D.C. , Los Angeles, St. Louis, Houston, and Boston. To delve deeper into how corporate housing has been affected by the economy, check out “Corporate Relocation Responds to the Economy.” The article reveals some interesting aspects of the corporate housing market through an interview between writer Marylyn Schwartz and Jan Hatfield-Goldman, Vice President of Research and Education for Worldwide Employee Relocation Council.
Corporate Housing and the Economy: The Facts and FiguresPublished September 26, 2009 Corporate Housing , Corporate Housing and the Economy , Rental Market Leave a Comment
Tags: Boston, Corporate Housing, Corporate Relocation, Economic Recession, Housing Market, Houston, Los Angeles, St. Louis, Washington D.C.