What Motivates a Move? Three Key Reasons People Relocate

Behind every move is a motivation. This year, people are voting with their feet and relocating to places that better serve their personal and professional preferences. Need more space? Desire to live closer to family? Want to live somewhere with a lower cost of living? There’s a city for that. Here is our take on three key factors influencing people moving.

Access to affordable housing 

With real home prices rising nearly 20 percent since the onset of the pandemic, finding affordable housing has been a challenge. First-time home buyers struggle to gain the competitive advantage in the current housing market. Demand for rentals has increased. And, after two years of working primarily from home, employees are acutely aware of their surroundings and consider making a move to a place that better suits their work-from-home needs.

Overall quality of life 

Of course, access to affordable housing also plays a role in determining quality of life for an area, but there are other contributing factors. Length of the daily commute, access to quality education and healthcare, and crime rates are other elements that affect the quality of life a city is able to provide. These are all factors that people, especially families, consider when planning a move.

Relocation for job or career 

The Covid-19 pandemic ushered in a disruption to many peoples’ jobs,with some losing jobs and others shifting to more flexible or completely remote work schedules. An increasing number of people can move simply because they have newfound flexibility due to the rise in remote work opportunities leaving them untethered to a specific location. In fact, a record one-third of Americans are looking to relocate. That statistic, coupled with business travel resuming, support a rise in demand for corporate housing – fully furnished, single-family residences. 

Corporate housing can alleviate stressors associated with finding immediate, affordable housing and relocation concerns for both employees and businesses. It can better position businesses to attract and retain top talent, a key concern with the “Great Resignation.” And, it can vastly  improve the overall quality of life for people by reducing commute times and placing employees in close proximity to quality education and healthcare options.

Considering these factors, AvenueWest is actively seeking new franchise owners to help meet the demand realized across the corporate housing industry. Cities such as  Washington D.C.; Charlotte, NC; Huntsville, AL; Orlando, FL; Nashville, TN; Columbus, OH; Philadelphia, PA; Lincoln, NE; Austin, TX; Albuquerque, NM; Salt Lake City, UT; Beaverton, OR; and Irvine, CA are already experiencing significant population growth, and poised to continue to attract businesses and growth.

AvenueWest is proud to be a national leader in corporate housing, providing an ideal opportunity for realtors seeking to tap into this steady and growing source of revenue. Through our coast to coast franchise branches, we offer individuals and families move-in ready month-to-month residential rentals suited to their needs. If interested in exploring an opportunity to be part of our corporate housing family, visit us at https://franchising.avenuewest.com/. Those ready to take the next step, we encourage you to register your interest here

Awards & Publications

Awards and Recognition 

2021 – 2nd Fastest Growing Company on Fast 50 List, Denver Business Journal

2021 – Rank #435 on Inc 500 List, Inc. Magazine’s fastest growing companies

2021, 2020 – Top Woman-Owned Business, ColoradoBiz Magazine

2020 – Nominee for Innovation of the Year Award, Corporate Housing Providers Association

2018 – Colorado Companies to Watch, State of Colorado

2018 – Top 7 Industry Innovators, Think Realty Magazine

2010 – Company of the Year, Corporate Housing Providers Association

2007, 2008, 2009 – Inc. 5000 Honoree, Inc. Magazine’s fastest growing companies

2003 – Emerging Business of the Year, Denver Metro Chamber of Commerce

 

Featured News Coverage

Inc. Magazine – “Corporate Housing is Making Talent More Productive” Featuring AvenueWest

Personal Real Estate Magazine Addition – “The Sleeping Giant is Stirring”

Lowes For Pros – “Where Your Local Marketing Knowledge Really Counts”

NY Times – “Good job offer, but what about the house?”

Other media mentions included in The New York Times, CNBC, USA Today, NBC Today Show, SmartMoney.com, Forbes.com, CoBiz Magazine, US News & World Report, LA Times, and the Chicago Herald.