Key Market Insights and Updates
Keeping you, your assignees, and your travelers ahead of the curve with the latest market updates, trends, and rates in key markets around the globe.
Temporary Accommodations Market Data: APAC, EMEA, Americas
Rental Market Updates: EMEA, North America
APAC - Corporate Housing Trends
Intra-regional within and global travel to APAC is anticipated to grow in 2025. Key business destinations include Singapore, Hong Kong, and Bangkok. Increased travel to China is driving demand in Tokyo and Seoul as businesses expand their presence. India also plays a significant role in the region's distributed economic growth.
The first quarter of the year typically sees a surge in travel within APAC, particularly leisure trips coinciding with the Lunar New Year. This period may witness limited accommodation availability in major cities.
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EMEA - Rental Market Updates
At a Glance:
- Slow GDP growth (1%) is forecasted in the Eurozone for 2025
- Inflation remains stable, but concerns about rising mortgage rates persist
- Border controls and regulatory changes continue to influence housing availability
- Limited inventory dominates most markets due to constrained new construction, regulatory challenges, and landlords exiting the rental space
- In locations such as Dublin, London, Amsterdam and more, inventory is tight and there is intense competition, particularly for mid- to low-cost properties
- On the contrary, in Vienna affordable rental options thrive due to government-subsidized housing, making it a global favorite for expats
- For all markets, flexibility and preparedness is essential. Rapid application processes and stiff competition necessitate prompt action, clear documentation, and expert guidance
EMEA - Corporate Housing Trends
The EMEA corporate housing market saw little change in the last quarter of 2024. Business travel and relocation remained subdued. Economic growth in 2025 is projected to be limited due to global factors. While Ireland, Spain, Portugal, and Dubai show promise, overall economic growth in EMEA will be limited.
Rental supply in many major European cities is constrained by regulations, high demand, and limited new developments. This imbalance drives up rental costs in cities like Amsterdam, Berlin, and Munich. Many cities have restricted short-term rentals to increase housing availability for residents. The long-term impact of these restrictions is yet to be seen.
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North America - Rental Market Updates
At a Glance:
- US: National vacancy is rate above 7.5% and rents stabilize as new multi-family housing supply grows. Rising mortgage rates continue to slow the ability of renters transitioning to buyers. Seattle is experiences rising rents and lower vacancy rates due to Amazon’s return-to-office policy
- Canada: Tightened immigration policies address housing shortages. New Purpose-Built Rentals (PBR) may ease availability and pricing in 2025. Short-term rental bans improve long-term rental options.
- Mexico: Mexico City rents rise amid growing expat demand. Emerging markets like Guadalajara, Monterrey, and more offer more options but stricter lease terms. 1BR rents range from $900 to $1,500/month.

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North America - Corporate Housing Trends
Corporate housing options in North America remain abundant. Companies are increasing their travel spend, while optimizing their budgets by favoring longer stays in corporate housing over frequent hotel stays.
As Q1 begins, we focus on securing summer housing for interns, particularly in high-demand areas like New York City and Silicon Valley. Early engagement is crucial to secure the best possible housing options at the best available price.
Rental regulations continue to evolve. Vancouver's short-term rental restrictions have positively impacted the long-term rental market. While New York City's regulations are still under review, their impact on the rental market remains uncertain.
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