WHAT IS CORPORATE HOUSING?
Corporate housing refers to residential apartments that have been fully furnished and equipped for short term rentals of 30 days or longer and include services such as telephone, cable, Wi-Fi and maid. Basically a corporate apartment is a furnished apartment arranged specifically for the purpose of assisting corporations house their employees for periods of 1 month or longer, providing an all inclusive package. Hotel taxes of 5.875% + $2 per room per day, are charged in addition to the rental price. Prices are quoted per day + tax and a month consists of 30 days. Months with 31 days will be assessed an extra day. Prices tend to be on the higher end because these apartments are arranged as a hotel alternative for extended stays. Payments can be paid by credit card and there is no need of security deposit, most of the time.
Units are mostly located in luxury 24hr doorman buildings throughout the city, some offering amazing amenities such as swimming pool, state of the art gym, lounge areas and roof tops with breathtaking views of the city. There are several apartments offered for corporate housing in the same building, allowing corporations bring a crew of 10-30 employees all at once in one location. Furnishings in these type of apartments are very simple and the designs are repeated in all units very similar to hotels. Every provider has a different furnishing and decoration style, some have more traditional styles, others more modern decor and others a more basic and neutral design. Some offer larger spaces while others focus on units with great views.
The term of corporate housing is also used when a furnished apartment is rented directly to a corporation vs an individual. The landlord drafts a corporate lease under the company's name and the employee will be the designated occupant. Most landlords allow corporations to rotate their employees when needed creating a more flexible and lower priced housing solution in New York.
Lara Group has helped many companies find a quick housing solution for their employees keeping the budget in mind and assisting them throughout the whole lease term. We have been in this industry for so many years, that we learned to ask the right questions to ensure the employees are happy in the apartment they haven't chosen themselves. We make sure that the HR or person in charge for booking the apartment, can fully rely on us to take care of the "extra" work that was assigned to them. That is our goal!
We are also very knowledgeable of all corporate housing providers inventory, therefore we can easily locate that specific request that you are looking for. We will save you all the time and hustle searching through websites and pictures, making all those calls to find out who has what you are looking for, that is within your budget and that is available for your dates. We know very well how time consuming this is! So let's us do the work for you! It is our promise to help you the best possible way we can.
Here are some or our corporate client's favorites furnished apartments: