What’s Happening in the Temporary Housing Arena?
I recently had the pleasure of hosting a Cartus forum, What’s Happening in the Temporary Housing Arena? with a panel of experts including Claire Barrie, Vice President Sales EMEA/APAC, Synergy Housing; Cara Pescho, Vice President, Strategic Alliances – Global Mobility, National Corporate Housing; and Felicia Taulelle, President, Oasis Corporate Housing. I would like to take this opportunity to thank our panellists for their insights. The best practices and real-life examples they shared were invaluable.
If you missed the live event, you can watch the recording here.
Following are talking points that reflect what was discussed during the one-hour session:
- Claire Barrie, Vice President Sales EMEA/APAC, Synergy Housing on the changes her organization has made to how it delivers service to today’s market: “Ensuring we deliver service beyond expectation comes down to attracting, retaining and growing our talent… we have significantly invested in various fast-track talent programs… Qualifications aside, for us, it’s more about the person—ensuring they fit with our culture and our clients’ culture.”
- Cara Pescho, Vice President, Strategic Alliances – Global Mobility, National Corporate Housing on the current challenges being experienced in the temporary living industry: “We are seeing shortages, internationally and domestically. Not only with property inventory but also the quality of a property, furniture availability, desired lease terms, and other services... What we’re trying to do is secure long-term leases in tight markets like New York City where we’ve taken 70 apartments in one building, to enable us to have that inventory on a permanent basis. We also have one person dedicated to working with property management companies… to build relationships so they’re more likely to work with us when we need it.”
- Felicia Taulelle, President, Oasis Corporate Housing on what temporary living providers are doing to combat the issue of low availability within the sector: “We can strategically go into certain markets and use alternative private inventory that we’re able to vet, like private landlords. This is something we’re doing more and more of because there’s so much demand… We’re looking at inventory that still follows the parameters of what everyone expects corporate housing to look like, but looking at more creative solutions.”
Supporting Our Clients
The Cartus Global Supplier Network is made up of the world’s leading suppliers within their field, including temporary living providers, who understand our clients’ mobility needs and the importance of providing total support to the families we help relocate.
We are working closely with our supplier partners to garner on-the-ground information, including current availability and specific locations where the temporary housing market is particularly competitive.
Cartus will continue to partner with our selected temporary housing suppliers to ensure we minimize the impact this situation may have on our clients and their relocating employees and will update our clients of any further developments. In the meantime, if you have any questions or want to find out more, please do not hesitate to contact your Cartus representative or email firstname.lastname@example.org.