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US: Landing, the network for flexible-stay apartments, has found that 88 per cent of multifamily operators are exploring mid-term stays to reduce vacancies.
The report – Why Multifamily Operators Are Growing Revenue with Mid-Term Stays – is based on survey data from hundreds of multifamily owners and operators across the United States.
It covers the trends driving the growth of mid-term stays, perceived barriers, and strategies to maximise occupancy and net operating income (NOI).
Key findings include:
- 93 per cent of respondents are interested in new revenue models, with 88 per cent exploring mid-term stays to reduce vacancies.
- Three out of four operators view mid-term stays as either a growing segment worth exploring, or as a critical long-term revenue strategy.
- Nearly half (48 per cent) of operators currently offer mid-term rentals to some degree, and 33 per cent offer them extensively. Larger portfolios have the widest adoption.
- 80 per cent of operators report that they are receiving requests for leases under nine months. Remote workers, corporate relocations, seasonal residents, home renovators, and groups are generally driving demand.
- 92 per cent of operators who have adopted mid-term stays rely on professional management services, while 66 per cent of non-adopters want turnkey furnishing and setup solutions.
Bill Smith, founder and CEO of Landing, said: “Multifamily operators are no strangers to market volatility. Increased supply, shifting renter expectations, and mounting pressure to drive revenue are challenging them to get creative with their portfolio strategies.
“Forward-thinking operators are turning to options like flexible, furnished rentals to stay competitive, diversify demand, and push down vacancies. It’s a complementary strategy that has driven hundreds of millions in revenue for Landing partners across the country, without disrupting their core operations.”
The full report from Landing can be downloaded here.
Highlights:
- 88 per cent of respondents are using mid-term stays to reduce vacancies.
- Three in four operators see flexible leases as a long-term opportunity or essential part of their business model.
- 80 per cent report more requests for leases under nine months, driven by remote workers, relocations, and seasonal residents.
- 92 per cent of adopters rely on management services, while two-thirds of non-adopters want turnkey furnishing and setup options.
