Corporate Housing Statistics in the U.S. (2025 Trends & Market Size)

Corporate housing provides a temporary home away from home for professionals on the move, offering fully furnished, move-in-ready accommodations for extended stays. It’s a strategic alternative to traditional hotels, designed for those who need a place to live, not just sleep. As business travel and workforce mobility evolve, this sector has become a crucial component of corporate strategy.

This comprehensive resource offers the latest U.S. corporate housing statistics, data-driven insights, and emerging trends that are defining the future of temporary and relocation housing.

Market Size & Growth: A Resilient and Expanding Industry

The corporate housing market is not just recovering from recent global disruptions; it’s entering a period of significant expansion. Once a niche segment of the hospitality industry, it has proven its resilience and is poised for substantial growth, driven by evolving workforce mobility and corporate travel needs.

Historically, the industry has mirrored broader economic trends. It weathered the 2008 recession as companies sought cost-effective alternatives to expensive hotels for essential travel and relocations. The COVID-19 pandemic temporarily halted travel but ultimately accelerated trends like remote work and the “work-from-anywhere” movement, creating new demand for longer, more flexible stays.

Today, the market is on a strong upward trajectory.

Global Market Projection: The global corporate housing market reached an impressive $7.384 billion in 2024, with projected growth to $8.690 billion by 2033.
U.S. Market Growth: A key indicator, the U.S. Serviced Apartment Market (which closely aligns with corporate housing), was valued at $13.8 billion in 2024 and is forecast to reach $44.0 billion by 2033, growing at a compound annual growth rate (CAGR) of 14.5%.

This growth is not uniform, with several states emerging as hotspots due to thriving industries and corporate relocations. States like Texas, California, New York, and Florida are leading the way. The industry is also seeing a trend toward consolidation, with mergers, acquisitions, and private equity investment signaling strong confidence in the sector’s future.

Average Stay Duration: The “Long Stay” Standard

One of the defining characteristics of furnished corporate housing is the length of stay, which far exceeds that of typical leisure or business travel. This reflects its role in accommodating substantial life and work transitions.

Corporate Housing: The average stay is approximately 83 days.
Extended-Stay Hotels: Average stays are significantly shorter.
Airbnb/Short-Term Rentals: Typically average around 4 nights.
Traditional Hotels: The average is around 2-4 nights.

This average has remained relatively stable, with a 2017 report noting an average stay of 78 nights. The duration often varies by season, with summer months seeing a surge due to corporate relocations, and by industry. For example, a multi-month oil and gas project in Texas requires a longer stay than a two-month executive training program.

Usage Drivers: Why Companies Choose Corporate Housing

While corporate relocation has historically been the primary driver, the reasons for using corporate housing have diversified. Today, a blend of professional development, project-based work, and unforeseen circumstances fuels demand.

Based on 2017 industry data, the primary purposes for corporate stays were:

Relocation: 33%
Project/Training: 21%
Insurance/Emergency Housing: 10%
Government/Military: 9%
Internships: 8%

The rise of hybrid and remote work policies has further impacted demand, creating new use cases for employees who need temporary housing near a “home base” office for periodic collaboration. Furthermore, the increasing frequency of climate-related events like hurricanes and wildfires has made insurance-related emergency housing a more significant and consistent demand driver.

Average Daily Rates (ADR) & Revenue

The cost of corporate housing, measured by the Average Daily Rate (ADR), has steadily increased, reflecting rising real estate costs, inflation, and growing demand for high-quality amenities.

Historical U.S. Corporate Housing ADR:

2008: $117
2014: $137
2017: $181

In 2017, the U.S. average ADR was $161, representing a 7.1% year-over-year increase. This growth often outpaces that of traditional hotels, as corporate housing provides significantly more space, privacy, and amenities, delivering greater overall value for longer stays.

Handling these rising costs is a challenge for many companies, which is why partnering with a service that has established buying power can lead to significant savings.

Regional & Sector Trends

Demand for corporate housing is heavily influenced by regional economic activity and the needs of specific industries.

Regional Trends

Permian Basin (Texas & New Mexico): The energy sector continues to drive massive demand for employee housing. Specialized solutions like lodges and man camps are critical for housing large crews in remote areas, offering centralized amenities, security, and dining services.
Bay Area, CA: The tech industry fuels a constant need for relocation and temporary project housing for engineers, developers, and executives.
The Southeast: A boom in manufacturing and automotive industries across states like Georgia, Tennessee, and the Carolinas has created a surge in demand for housing for project teams and relocating employees.
Urban vs. Suburban: While urban centers remain popular, there is growing demand for corporate housing in suburban areas that offer more space and a quieter environment, a trend accelerated by remote work. In San Francisco, for example, it’s estimated that between 2,000 and 2,705 units are dedicated to this type of intermediate-length occupancy.

Sector-Specific Demand

Healthcare: Traveling nurses, doctors, and medical technicians on temporary assignment are one of the fastest-growing segments.
Construction: Large-scale infrastructure and commercial projects require housing for crews for the duration of the build.
Energy: Oil, gas, and renewable energy projects often require rugged, full-service accommodations like man camps.
Government/Military: Per-diem assignments and personnel transfers create consistent, year-round demand.

Comparison to Extended-Stay Hotels

While extended-stay hotels are an option, corporate housing consistently offers a superior experience for employees, leading to better morale and productivity.

More Space: Corporate housing averages 750+ square feet, compared to just 365 square feet in a typical extended-stay hotel. This includes separate living, dining, and sleeping areas.
Full Amenities: A full-sized, fully-equipped kitchen—not just a kitchenette—allows employees to cook their own meals, saving money and promoting a healthier lifestyle.
Greater Privacy: Apartments and single-family homes provide a level of privacy and normalcy that a hotel environment cannot match.
Higher Employee Satisfaction: Feeling “at home” reduces burnout and helps employees stay focused and at their best, making corporate housing a strategic investment in talent retention.

Emerging Trends & Digital Nomads

The landscape of corporate housing continues to evolve with workforce expectations.

The Rise of “Slomads”: Digital nomads who prefer to stay in one location for longer periods are a growing demographic. Long-stay bookings (28 nights or more) have stabilized at 2.2% of the short-term rental market, with average stays of 43-46 nights.
Gen Z Workforce: The newest generation of workers expects flexibility. Companies are using high-quality intern housing and accommodations for rotational programs as a key recruiting and retention tool.
Sustainability: Demand is growing for eco-friendly properties with green certifications, energy-efficient appliances, and sustainable practices.

Corporate Housing Market Size FAQs

How large is the corporate housing market in the U.S.?

The U.S. serviced apartment segment, a close proxy for the market, was valued at $13.8 billion in 2024 and is projected to expand to $44 billion by 2033.

What is the average length of stay in corporate housing?

The average stay is approximately 83 nights, or just under three months, making it ideal for relocations, projects, and extended training.

What are the top reasons companies use corporate housing?

The most common uses are employee relocation (33%), project or training assignments (21%), insurance-related emergency housing (10%), and government/military assignments (9%).

How much does corporate housing cost on average?

Average daily rates have been rising steadily. Historical data shows an increase from $117 in 2008 to $181 in 2017, with the U.S. average at $161 in 2017. Current rates vary significantly by location and property type.

Simplify Your Workforce Housing with Corporate Hospitality Services

The corporate housing industry is dynamic and growing, playing a vital role in supporting a mobile and flexible workforce. As the data shows, the demand for high-quality, temporary housing solutions is stronger than ever. This page provides a snapshot of the industry’s health and trajectory, and we encourage you to bookmark it for the most up-to-date statistics.

Need help with corporate housing solutions? Corporate Hospitality Services simplifies housing needs so you can focus on what you do best. Let us handle the corporate housing details. Contact CHS today.

Need help with your corporate housing solutions? Contact CHS today and let us handle the details, so you can focus on what you do best.