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Facts about Corporate Apartments You May Not Know

Posted by Doriana Zohil-Morton on February 4, 2020
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Corporate housing is an excellent option for business professionals who are planning temporary stays in Toronto for any given period of time. Since these accommodations are turnkey or move-in ready, renting a corporate apartment in Toronto saves you the hassle of having to spend a lot of time and money looking for a place to stay. Renting a corporate apartment also saves you from burdening your friends and family who happen to live in the city by asking them for a place to stay. It means having your own personal and private space to live, work, and relax while you conduct your business in the city.

If you’re planning a business trip to Toronto in the near future and are considering corporate stays in Toronto, here are a few things you should know first.

There Are Many Terms for Corporate Housing

Depending on where you’re coming from and where you’re going, the lexicon for corporate housing may vary. Don’t let all of these different terms muddy your understanding of what corporate housing means. If you’re getting confused just researching different types of professional accommodations, here are some of the buzzwords you should be aware of:

  • Executive suites
  • Furnished apartments
  • Short-term rentals
  • Temporary apartments
  • Corporate apartments
  • Short-term stays
  • Temporary furnished rentals
  • Extended stay apartments
  • Serviced apartments

Keep in mind that all of these terms essentially mean the same thing: that you’ll be getting a fully serviced turnkey apartment for your temporary relocation to whatever city you’re travelling to for business. These apartments are fully furnished, come with the necessary appliances (washer, dryer, stove, cook top, refrigerator, oven, etc.), and you’ll have access to a variety of amenities to make your stay more comfortable.

Furnished Corporate Housing Is for Work and Play

Despite the fact that it’s called corporate housing, you can actually use these accommodations for whatever purposes you want or need them for. Whether it’s a short-term business trip, relocation, or simply a weekend getaway to relax and recharge your batteries, the purpose of the trip is completely up to you.

Corporate apartments are a much more desirable alternative to staying in a hotel because they give you the privacy and feel of living in a different city without the exorbitant cost of a hotel stay and having to deal with other tourists. You can come and go as you please and get access to a wide range of amenities.

Everything You Need Is Provided

When you rent a corporate apartment in Toronto for a temporary visit, everything you need from appliances to furniture and even kitchen supplies are provided for you. That means you won’t have to bring any additional supplies like dinnerware, cookware, a hair dryer, etc. All you have to pack are your clothing, toiletries, and other personal items.

Corporate Apartments in Toronto Have Flexible Lease Terms

Lease terms, for the most part, are pretty flexible and can be negotiated as per your budgetary constraints and specific needs. Many corporate housing rental companies understand that sometimes you may need to extend your stay or cut it short unexpectedly due to extenuating circumstances. Regardless of your needs, renting a corporate apartment in Toronto is meant to be convenient and painless.

In the event that you need to leave early or stay longer than originally intended, simply speak to the corporate housing provider and they’ll do everything possible to accommodate your needs.

Corporate Housing Helps Cut Down on Additional Costs

Additional costs typically include amenities like gyms/exercise facilities, housekeeping, parking, Internet/Wi-Fi, cable, streaming services, use of business centers, and more. When choosing the right corporate apartment for rent in Toronto or any other city, it’s important to compare and contrast the cost of these amenities to help you stay within budget without overspending.

Unlike hotels, many corporate housing rental companies will include these amenities in the cost of rent or offer a variety of rental packages for you to choose from based on your needs. That way, you can always have access to the amenities you need and you’ll only have to pay for the ones you actually use during your stay. You can also add or subtract amenities you decide you do or don’t want once you’re already staying in a corporate apartment. 

Corporate Apartments Are Centrally Located

Another thing you should know about corporate apartments is that they’re typically strategically and conveniently located in centrals parts of the city that provide easy access to local business centers, public transportation, top-rated restaurants, and even entertainment venues. Toronto is one of the most walkable cities in the world, especially in spring, summer, and fall and there’s always something going on in the city, so you’ll always have something fun to do when you need a break from your busy and stressful work life.

Corporate Housing Helps You Maintain Your Fitness Routine

Fitness centers and gyms are among the most sought-after personal health amenities from people who stay in corporate housing. Just because you’re temporarily away from home that doesn’t mean you should stop caring about your health and fitness.

Corporate apartment rentals in Toronto offer state-of-the-art fitness accommodations and local healthy eating options so that you can maintain a healthy lifestyle even when you’re on a business trip.  In some cases, you may even be able to get group discounts at local gyms if you’re travelling with multiple people.

Are you planning on taking a business or leisurely trip to Toronto this year? MAC Furnished Residences Inc. can help you find the perfect accommodations whether you’re travelling solo or with a group. Not only can we help you find a short-term furnished apartment in Toronto through our brokerage MAC Real Estate Services Inc., but our licensed realtors can also help you buy or sell a home or condo. Plus, we can facilitate a smooth transition if you’re moving to Toronto with MAC Relocation Solutions. Contact us today to learn more about our services or to book your accommodations!

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