"The corporate housing trend has gained steady momentum inrecent years because companies have found that placing out-of-townor relocating executives in corporate housing rather than hotels ismore cost effective." He adds, "We are seeing strong demand for ourproduct from Westchester businesses looking to house out-of-townprofessionals as well as from Manhattan firms with executives whodon't mind working in the city for a few months but want to live ina suburban community."
The furnished apartments are usually rented for 30 days orlonger. Company officials say that average Westchester rentals cost$140 per night with a minimum stay of 30 days. ExecuStay's New YorkDivision has inventory in Manhattan, and recently expanded into theWestchester, Long Island and New Jersey markets.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
