Our living patterns are changing a lot in these days. Globalization, technology, lower travel costs, among other factors, have made it easier for us to move around the world. As a result, people no longer stay in one place for long, instead, modern contemporary society is characterized by constant change and an eagerness to discover.
For this reason, mid-stay apartments have been gaining in importance in recent years and their popularity has increased significantly. But… What exactly are they? In Caterina House’s blog we explain everything you need to know about mid-stay corporate apartments.
What are mid-stay corporate apartments?
Corporate apartments are accommodations that are rented on a temporary basis for a specific number of months. This period of time may vary depending on the apartment, but in the case of Caterina House we offer a stay of between 1 month to a maximum of 12 months.
Corporate accommodation is usually located strategically close to the business area of the city. A good example is the Poblenou district of Barcelona, which is characterized by numerous offices, and where Caterina House has 22@ apartments.
For whom does this concept fit?
1. For companies and professionals
Sometimes companies need to temporarily relocate one or more employees to another city. In these cases, choosing a corporate apartment can be a great saving compared to a hotel room, as it can be managed easily and with stable cost forecasts. For this reason, more and more companies are opting for corporate rentals as an alternative to hotels for mid-stay accommodation.
In addition, it brings benefits for displaced workers, as they have a more positive experience: they feel more valued by their company and perceive that their well-being is taken care of. In turn, they enjoy greater comfort and space, which increases their motivation to work.
2. Digital nomads
Advances in technology, the ability to communicate despite physical distance and the pandemic have led many people to work from home. Currently, remote work is experiencing unprecedented growth.
Faced with this situation, many people are deciding to become digital nomads. They work from anywhere in the world and no longer have a fixed residence, but take advantage of the freedom of movement offered by telecommuting to change residence often.
In corporate apartments, digital nomads can find what they are looking for: to live in a big city like Madrid or Barcelona for a medium or long period of time, but without having to be tied to it for life. In short, they can enjoy the cultural and leisure offerings of these cities, work comfortably from home and move whenever they want.
3. Property Owners
Owning and renting an apartment you own can come with a number of concerns. These headaches can be solved with corporate housing managed by a proptech like Caterina House, as it involves less risk than traditional renting.
Thanks to the services offered by Caterina House, owners can enjoy greater peace of mind, minimize the risk of non-payment, maintain control of the property and the dates of its availability. In addition, the flexible corporate mid-stay rental offers greater profitability and security of the properties. Thus, the owner knows the duration of the resident’s stay and, in this way, can forecast a fixed monthly income.
What does a corporate apartment need to have?
Now you know about corporate apartments, but not all of them are the same. It is very important to ensure a series of requirements when choosing where we will host them or with which proptech we manage our property. Some of the most important ones are:
- The apartment must have a space where you can work with peace of mind and that its decoration conveys calm and well-being. A good example is the Ribera – Isabel II apartment, where we find a large space that enjoys natural light.
- If you have to work at home, make sure you have high-speed wifi. At Caterina House we include wifi in our equipment so you don’t have to worry about hiring it.
- A fully equipped kitchen with all utensils and appliances is a must for a medium or long stay. Take a look at the kitchen of the Correos B apartment to know better what we mean.
- They are at your disposal 24/7 in case of any unforeseen event or mishap to gain security and peace of mind.
- Its location is essential to enjoy the city, as the Leonor apartments is located in the heart of Madrid.
In conclusion, mid-stay corporate apartments are a great alternative for owners and turn business trips or temporary stays into a positive and enriching experience.