It’s a frequent question in Dwellworks meetings between our C-suite and Product Development teams. They are constantly looking at ways to innovate the Dwellworks customer experience – for Destination Services, Intercultural Services, and Corporate Housing services alike by constantly looking through the lens of our customers and every use case that touches the product.

While pricing and vacancy balance is coming to rental markets in the US, that is not the case in preferred corporate relocation destinations in Canada and Mexico. Even in the US where rental prices are cooling overall, rental prices in the neighborhoods requested by many expatriates and relocating professionals continue to rise.

As predicted in the second quarter of 2024, rental prices for new leases across Europe have continued to rise, although at a slower pace, because of tight supply and limited moves by current residents.

In the global gateway cities where corporate relocation activity tends to occur, local renters, students, other immigrants, and corporate transfers are all competing for limited rental housing stock. Additionally, in Paris, most short-term rental units beside 5-star accommodations are currently booked up ahead of the 2024 Olympics.