Short-Term Housing is Shaping the Multifamily and Hospitality Markets

Short-term housing options have been a mainstay in many U.S. cities for decades. Corporate housing has appealed to companies that host seasonal or temporary workers, and vacation rentals may be less expensive and better appointed than hotels for some families and other visitors. However, with the rise of the internet have come new options, beyond the familiar hotel model. Short-term housing needs take many forms, from 30-day stays to overnight trips. Those needs often are met with fully furnished apartments that include kitchens, supplies, and access to amenities. Further, innovative solutions that temporarily repurpose underutilized real estate are gaining traction.

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