The executive leasing industry is expected to grow in the next few years, creating new opportunities for service providers. The trend of corporate housing has been rising over the past decade, and companies have begun moving away from traditional hotels and opting for furnished apartments. This shift has created room for new market players and products that appeal to different types of customers.
According to Cohen Farquharson, in the past 12 months, there has been a significant increase in the number of Executive Leasing in Sydney. This indicates the strong demand for luxury rental properties in the city.
The following statistics provide a snapshot of the current state of the Sydney executive leasing market:
-The median rent for an Executive Leasing in Sydney is $2,000 per week.
-The average rental yield is 5%.
-The vacancy rate is currently 2%.
-There are currently 1,600 properties available for lease in Sydney.
These statistics demonstrate that Sydney is a thriving market for executive leasing. If you’re looking to rent a luxurious property in the city, now is a great time to do so.
The Industry Is Expected To Be More Prominent In The Next Few Years.
According to a recent report, the corporate housing market is expected to grow by 50% over the next five years. The market is also expected to grow by 25%. As you can see, these numbers are significant and will significantly impact how companies operate.
A Variety Of Players Are Joining And Expanding In The Investment Arena.
A variety of players are joining the investment arena. Companies are expanding their offerings to include more options, such as lease-to-own or financial advisory services.
New companies are entering the competition as well. These new entrants may bring a fresh perspective on what customers need and want from their programs.
In addition to adding new products to existing portfolios, many companies are creating new products specifically for this market segment—through partnerships with other lenders or by developing their own unique offerings.
More Companies Are Moving Away From Hotels And Towards Furnished Apartments For Their Employees And Executives.
In addition to being expensive, hotel stays also tend to be inconvenient and impersonal. Hotels do not provide the flexible or sustainable environment that companies want their employees or executives to function in while they are on business trips. In addition, there is no sense of home away from home when staying at a hotel; it lacks the comfort and familiarity that makes up part of your daily lives at home.
Serviced Apartments Have Expanded Their Reach And Influence In The Industry.
Serviced apartments are a viable alternative to hotels. Serviced apartments are larger and more expensive than hotel rooms, but they have amenities that can make your stay more comfortable. For example, serviced apartments often have kitchens, so guests can make their own meals instead of eating out daily. They also usually include laundry facilities and a cleaning service, which makes it easier for executives who need to work long hours or travel frequently.
Overall, the executive-type leasing market has seen a lot of change over the past few years. The most significant change is that more companies are moving away from hotels and towards furnished apartments for their employees and executives. This trend will continue to grow in popularity as people move towards short-term rentals instead of traditional leases or long-term commitments. Companies have also been offering more flexible lease terms to suit different business needs while maintaining high-quality standards; this means more options are available today than ever.