Stay Informed: Q3 2025 Guide to Global Rental Market Trends

Dwellworks and Dwellworks Living provide comprehensive rental market updates to empower global mobility and business travel clients to make informed accommodation decisions in key destinations across APAC, EMEA, and the Americas. Our Q3 reports combine macro-level data with local expertise, offering a strategic advantage for analyzing and updating policy benefits, practices, and reporting in line with the latest trends and expectations.

Will a Fundamentally Strong Global Economy Power More Talent Mobility &
Travel in Q3?

As Q3 2025 unfolds, the more muted business activity in the first half of the year is showing signs of gearing up. Research from the Global Business Travelers Association (GBTA), indicates that global business travel spend continues to grow year over year. The International Monetary Fund (IMF) has also adjusted its 2025 predictions for global GDP growth upwards, based on strong economic fundamentals and a stabilizing global trade environment.

In the corporate relocation and business travel accommodations sector, we observe mostly stable pricing in short-term temporary living rentals, supported by generally sufficient supply in most markets. Note that in markets with greater rental inventory challenges overall, such as San Francisco, New York City, Amsterdam, and Munich, the cost of furnished accommodations is reflected in higher average daily rates (ADRs).

Long-term rental rates in the US remain stable due to adequate-to-excess supply in many markets. In EMEA, where social housing policies and stricter rental regulations are more common, prices in highly desirable neighborhoods appealing to expats are higher, reflecting competition and local landlords' ability to choose tenants among multiple applicants for every listing.

Key Trends Shaping Q3 Rental Markets for Relocation & Business Travel 

As the global economy adapts to evolving dynamics in the second half of 2025, we’ve spotlighted several key trends and influences impacting rental accommodations in key global business destinations.

1. A Stable US Rental Market with Some Important Exceptions: The national apartment vacancy rate in the US is approximately 8%, with most high-volume relocation markets reporting vacancy rates of 5% or higher. With more inventory, rental prices overall in the US are stable. Notable exceptions include Boston, experiencing a surge in employment growth, and New York City, where vacancy hovers around 1% and average monthly rent in high-profile neighborhoods exceeds $5000/month. The FARE Act, which became law in New York City in June 2025, shifts the cost of broker listing fees from tenants to landlords. We are closely monitoring the impact of this change and continue to provide expert tenant brokerage services through our relocation-focused Station Cities brokerage. Read our recent blog on the FARE Act here for more details. 
   
   
2. Changing Market Dynamics in Mexico and Canada: Mexico City has steadily grown as a global knowledge worker destination, leading to protests from local residents in the capital, demanding relief from resulting increases in rental costs. In areas like Condesa, Roma, and Polanco, landlords are becoming less flexible in their terms, especially regarding deposits, proof of ability to pay, and pet policies. In Canada, government policy has encouraged the building of more apartment supply, while demand has dropped off due to revised immigration laws and a slowing economy. Lower demand means some price relief, but prices remain high in premium locations.
   
   
3. Highly Competitive Rental Markets in European Business Destinations: The UK and many countries in the EU are actively recruiting skilled global talent in the face of declining local populations. Easier paths to visa and residency approvals, however, do not always mean faster access to housing. Dublin, Amsterdam, Luxembourg, Munich, and Zurich are among the markets experiencing price pressure due to more demand than supply. There is some built-to-rent development in London, and in Paris more rentals are available now than at this time last year during the Olympics. Apartments in prime locations continue to attract multiple, sometimes hundreds, of applicants. Our Consultants advise relocating employees to be flexible in their expectations and ready to act when suitable and affordable apartments come to market. Appealing solutions may be found in close-in suburbs which often offer more space and more availability in schools and are easily reached by first-rate public transportation systems.

4. Projects-Related Business Travel to the Middle East Continues to Climb: Abu Dhabi, the capital of the United Arab Emirates, has seen the greatest increase in housing requests in 2025. As the region accelerates its economic diversification from petroleum dependency, we see increased demand from the infrastructure, finance, and consulting sectors, specifically for projects-related travel and stays.
   
   
5. Access to Expertise Makes Securing Temporary Living and Long-Term Rentals Easier: No matter the vacancy rate in the broader market, preferred properties in choice locations are always quickly booked or leased. The 2500 local Destination Consultants of Dwellworks and the rapid response to housing requests powered by epic® and the 80,000 vetted and professionally managed properties in our Dwellworks Living portfolio mean we can efficiently source well-matched solutions for rental needs around the world. Whether navigating the regulatory environment of New York City, finding options to support business expansion in Hyderabad, or curious about what to expect in Frankfurt, a successful housing and settling-in experience depends on expert navigation of local markets. AI-enabled services are making our processes faster and more efficient, but on-the-ground resources remain the key to validating fast-moving markets. 

Partnering for Seamless Housing Services & Support at Global Scale 

With unmatched destination services expertise in hundreds of cities across 16 countries and worldwide solutions for temporary living, we provide the industry’s most reliable and actionable insights as well as access to housing that meets employee expectations and corporate budgets. Our knowledge and services empower businesses and their employees to make confident housing decisions.

Under competitive conditions, we guide our customers to understand their options and make informed choices quickly to ensure a property is secured that offers the greatest comfort and service support, whether the stay is for 7+ days of business travel or a multi-year relocation assignment. 

Our Q3 reports cover:

• Rental Market Trends in North America and Europe
• Temporary Accommodations Trends in APAC, EMEA, and the Americas
• Pricing and Availability Analysis Across All the Markets We Serve

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Seamless Housing Services and Support at Global Scale

Dwellworks is streamlining global mobility and business travel with AI-informed operational excellence, expert local insights and market intelligence, and seamless service delivery. Our on-the-ground teams and property partners have well-established access to property managers and landlords, providing up-to-date, validated housing data and solutions that align with client business needs, whether for temporary furnished housing or long-term rentals.

Whether you’re relocating top talent, managing business travel, or responsible for a full suite of employee accommodation needs, our Q3 market updates equip you with the knowledge to optimize your program and budget effectively.

Interested in our latest insights? 

Connect with Dwellworks and Dwellworks Living today to stay informed about the fast-moving global rental landscape for workforce mobility and business travel. 

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About Dwellworks

Dwellworks is the world’s leading provider of accommodation and acclimation support services for the mobile workforce and business travelers. We specialize in global destination services, corporate housing, and intercultural training, as well as property management and real estate services in key US markets.

Our clients trust us to deliver personalized high-quality service experiences, powered by innovative technology and supported by our extensive local presence in hundreds of locations worldwide. Through our brands Dwellworks, Dwellworks Living, and Station Cities, we offer a comprehensive range of service options, global reach, local expertise, and passion for the customer service experience.

Driven by a commitment to excellence, we continuously pursue innovation and operational efficiency and invest in meeting rigorous global compliance standards for data security, financial management, and sustainability. Whether supporting corporate travel or relocation, domestically or around the world, we work in partnership with our clients to ensure talented employees and their families transition smoothly and thrive in their new locations.

For more information, please visit our company brands at Dwellworks.com, DwellworksLiving.com, and StationCities.com.