{"id":5672,"date":"2021-10-07T15:07:05","date_gmt":"2021-10-07T20:07:05","guid":{"rendered":"https:\/\/nwfl4sale.com\/investors-bet-flexible-leases-are-a-lasting-trend\/"},"modified":"2021-10-07T15:07:05","modified_gmt":"2021-10-07T20:07:05","slug":"investors-bet-flexible-leases-are-a-lasting-trend","status":"publish","type":"post","link":"https:\/\/nwfl4sale.com\/investors-bet-flexible-leases-are-a-lasting-trend\/","title":{"rendered":"Investors Bet Flexible Leases Are a Lasting Trend"},"content":{"rendered":"
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Remote work sparked demand for short-term housing with flexible terms. Some estimate the number of workers who remain fully remote will eventually top out at about 20%.<\/span><\/span><\/span><\/p>\n<\/div>\n NEW YORK \u2013 Investors believe one pandemic-related trend will offer up long-term results: short-term apartment leases. They\u2019re rushing to invest in such buildings that can offer flexible short-term apartment rentals, even as more workers return to the office.<\/span><\/span><\/span><\/p>\n Over the past year, companies like Blueground, June Homes, and Landing have added thousands of units to their platforms,\u00a0The Wall Street Journal<\/em>\u00a0reports. They\u2019re raising millions in recent funding rounds as short-term rentals win more attention from Wall Street.<\/span><\/span><\/span><\/p>\n Remote work sparked a demand for short-term housing with flexible terms. About half of the nation\u2019s office workers continue to work remotely. Short-term housing providers believe the number of workers who remain fully remote will eventually top out at about 20%.<\/span><\/span><\/span><\/p>\n \u201cThat\u2019s about 36 million workers,\u201d Kulveer Taggar, co-founder and CEO of Zeus Living, which specializes in single-family homes, told\u00a0The Wall Street Journal<\/em>.<\/span><\/span><\/span><\/p>\n Even renters who return to the office may favor a short-term rental over a full year\u2019s lease.<\/span><\/span><\/span><\/p>\n Many of these short-term lease providers sublet to tenants through a digital platform on a month-to-month basis. Many do not require a security deposit either,\u00a0The Wall Street Journal<\/em>\u00a0reports. Many of the companies also offer fully furnished units.<\/span><\/span><\/span><\/p>\n Blueground, which offers fully furnished units, offers flexible arrangements at a higher cost. For example, tenants may have to pay anywhere between 15% to 100% more than what they would for a traditional 12-month lease for an unfurnished apartment.<\/span><\/span><\/span><\/p>\n June Homes, in contrast, offers tenants the option to rent any unit unfurnished, furnished, or partially furnished. It also offers a shared apartment option for many of its properties as it targets younger generations.<\/span><\/span><\/span><\/p>\n