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What does corporate housing cost - and what affects the price?

The price of corporate housing is affected by location, period, length of stay, type of accommodation, and number of people. Therefore, always compare the total cost for the entire project, not just the nightly rate.
Cost and price for corporate housing and furnished corporate apartments for staff

How much does corporate housing cost?

The short answer is: it depends on the need.

Corporate housing is not a standard product with the same price in all cities and periods. The cost is influenced by several factors and should therefore be assessed based on the entire stay.

1. Location

Demand and supply differ between different cities. A project in a smaller town can have completely different conditions than a project in a larger city or a market with high temporary demand.

Therefore, the location is one of the first pieces of information needed to provide a relevant housing proposal.

2. Length of stay

A two-week booking and a six-month booking do not need to be priced the same way.

Longer stays can provide different conditions than shorter bookings, but it depends on the accommodation and availability. It is therefore important to specify both the desired start date and approximate end date.

3. Number of people

The number of guests affects both the type of accommodation needed and how the cost should be calculated.

Two people might share a larger apartment. A team of twenty people may need multiple units, and the distribution between single and shared rooms can clearly affect the total.

4. Accommodation type and standard

Studios, one-bedroom apartments, multi-bedroom apartments, or larger group housing provide different cost levels.

Standards, equipment, and what is included also matter. Cheaper accommodation without practical functions can create extra costs elsewhere.

5. Location

Proximity to the workplace, city center, public transport, or major roads often affects the price.

But the location also affects the project's other costs. Accommodation further away can mean more fuel, more working hours in the car, and a greater need for vehicles.

6. Season and demand

Prices and availability may vary throughout the year. During certain periods, corporate housing competes with leisure travel, events, or large projects in the region.

Earlier planning usually provides more options.

7. Flexibility

If the booking needs to be changeable, extended, or scaled up, it may affect which options are available.

Flexibility has a value, especially in projects where the end date is not entirely certain.

Don't just calculate based on the night rate

For companies, the cost of accommodation should be viewed as part of the project's overall logistics.

Therefore, also compare the costs for meals, parking, transport, travel time, laundry, and internal administration.

In certain projects, a corporate apartment with a kitchen and a better location can provide a better overall economy, even if the pure nightly rate is not the lowest.

Cost per person or per accommodation?

When multiple people share a home, it can be relevant to calculate both per apartment and per person.

It provides a better picture when different solutions are to be compared.

This gives you a more accurate price

Send the following information:

  • City and preferably the workplace address
  • Number of people
  • Start date and approximate end date
  • Desired room distribution
  • Parking need
  • If the project can be extended or grow

The clearer the needs, the more relevant the accommodation suggestion.

Do you want to know what corporate housing costs for your specific project?

Tell us what you need and you can get an accommodation proposal based on the actual situation.

Send a business inquiry Stay Smart.

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