Do you own a newly built property in the UK?
Looking to maximize your returns through corporate accommodation?
Recent data from Savills indicates that the annual rental growth in the UK was 10.4% in June 2023, showing a slight increase from the previous month. The robust growth in rental rates, combined with the significant number of housing completions, highlights the potential for landlords to achieve higher returns.
With the housing market showing signs of growth, there’s never been a better time for landlords in the UK to explore the benefits of offering corporate accommodation for newly built developers.
But how can you make the most of this opportunity?
Let’s dive in and explore!
- Corporate accommodation provides unparalleled flexibility and convenience tailored for new build developers.
- With evolving housing trends, Pluxa stands out as a pioneer in offering top-notch corporate accommodation solutions.
The Rising Demand for Corporate Accommodation in New Builds
The housing world is buzzing with a new trend: Corporate accommodation for new build developers.
But what’s behind this growing demand?
In the heart of the UK’s bustling cities, there’s a transformation underway. New build properties are sprouting up, and a unique set of needs comes with them.
Developers, the masterminds behind these architectural marvels, are often on the move, juggling multiple projects across different locations.
For them, the traditional rental market, with its long leases and unfurnished spaces, doesn’t quite hit the mark.
Enter corporate accommodation. Think of it as the upgraded version of rental housing. These are spaces designed with professionals in mind.
They come fully furnished, equipped with all the modern amenities, and are often located strategically close to business hubs. For a new build developer, this translates to convenience.
After a long day at the construction site, having a comfortable, ready-to-live-in space can be a game-changer.
For landlords in the UK, this presents a golden opportunity. By tapping into the corporate accommodation market, they can cater to a niche yet rapidly growing segment, ensuring steady returns and high occupancy rates.
So, as we see this trend gaining momentum, one question emerges: Why exactly do new build developers prefer corporate accommodation?
Let’s delve deeper in the next section and uncover the reasons.
Corporate Housing for Developers vs. Traditional Housing
In the vast realm of housing, two prominent options stand out for professionals, especially
developers: Corporate Housing and Traditional Housing. But how do they stack up against each other?
|Short-term leases are available, often ranging from a month to a year.
|Typically longer leases require a commitment of a year or more.
|Fully furnished with modern amenities, ready-to-live-in.
|Often unfurnished, requiring tenants to bring or buy their furniture.
|Strategically located near business hubs and commercial areas.
|It can be anywhere, not always close to business centres.
|Maintenance & Services
|Often include housekeeping, Wi-Fi, and utility management services.
|Tenants usually handle utilities, and services like housekeeping are rare.
|Immediate move-in is possible without the need for setup.
|It might require time for setup, especially if unfurnished.
|Might be higher due to added services and amenities.
|Generally lower, but additional costs can accrue from furnishing.
The Future of Corporate Stays for Property Developers
As urban landscapes transform and cities burgeon with new projects, the needs of property developers evolve in tandem. So, what does the future hold for corporate stays tailored for these professionals?
- Integrated Work-Live Spaces: The lines between work and leisure are blurring. Future corporate accommodations might resemble hybrid spaces, where developers can work on their blueprints in the same space they relax and rejuvenate.
- Tech-Driven Amenities: Corporate stays will likely incorporate more tech-driven amenities as technology advances. Think smart homes with AI assistants, virtual reality meeting spaces, and even drone delivery services for those late-night project crunch times.
- Sustainability: With a global push towards greener practices, future corporate accommodations will likely focus on sustainability. It could mean energy-efficient appliances, green building materials, and even on-site renewable energy sources.
- Community Building: One of the often overlooked aspects of corporate stays is the sense of community. As remote work and digital nomadism rise, corporate accommodations might offer communal spaces, fostering networking and collaboration among like-minded professionals.
The trajectory is clear: corporate stays for property developers are not just here to stay; they’re set to revolutionise how professionals live and work.
And as this evolution unfolds, one name is poised to lead the charge in offering top-notch corporate accommodation solutions.
Curious about how you can be a part of this future? Discover how Pluxa is pioneering the next wave of corporate accommodations, ensuring property developers have the perfect place to call home, no matter where their projects take them.
Pioneering the Future with Pluxa
The landscape of corporate accommodation is more than just brick and mortar; it’s about understanding the unique needs of professionals, especially property developers, and offering solutions that resonate.
As we’ve journeyed through the intricacies of corporate stays, one thing is evident: the future is bright, and it’s brimming with possibilities.
Enter Pluxa Serviced Apartments. More than just a name in the corporate accommodation sector, Pluxa stands as a beacon of innovation. With a keen understanding of the market’s pulse and a vision that transcends traditional boundaries, Pluxa is redefining what it means to offer a home away from home.
For landlords in the UK, this is a golden era. The demand for tailored, flexible, and state-of-the-art accommodations is rising. And with Pluxa leading the charge, the opportunities are endless.
Whether you’re a property developer seeking the perfect stay or a landlord looking to tap into this burgeoning market, the future is here, and it’s waiting for you at Pluxa.
Why do new build developers need corporate accommodation?
New build developers often find themselves at the heart of rapidly evolving projects, requiring them to be agile and adaptable. Corporate accommodation offers them a flexible living solution tailored to their unique needs.
What amenities are typically included in corporate accommodation for developers?
Corporate accommodations are designed with the modern professional in mind. Developers can expect a range of amenities tailored to their needs, including high-speed Wi-Fi for those late-night work sessions, ergonomic workspaces to ensure productivity, fully equipped kitchens for hassle-free meals, and state-of-the-art entertainment systems for relaxation.