Growing Demand for Temporary Housing in New York City

NEW YORK - July 22, 2013 - PRLog -- New York, NY (July, 2013) – Local Bigwig, a leading booking, distribution, and software platform for corporate housing and extended stay rentals, released a report on the latest trends in New York City serviced apartments market. While the study is mainly designated for temporary housing providers and real estate professionals, it reflects important business trends that are taking place in Manhattan.

The report covers a demand overview and quarterly comparison with the previous year (2012) and the previous quarter (Q2 vs. Q1 2013). Positive trends in NYC temporary housing market resulted in yearly 8.9% demand growth. While the demand for serviced apartments increased, prospective tenants became more flexible in terms of their choice of location and a housing unit.

About Local Bigwig

LocalBigwig.com is a booking, distribution and software for corporate housing and extended stay providers.  It provides guests an easy, free and secure way to search and book vetted furnished monthly home rentals. Local Bigwig has aggregated corporate housing and extended stay providers on one platform, so guests can compare all of the options on one website and book it online. It lists only furnished, unshared homes.

Local Bigwig Inc. is headquartered in SoHo, Manhattan. It is proud to be part of the NYU-Poly Business Development Program which is jointly supported by Mayor Michael Bloomberg's NYC Economic Development Corporation, the Real Estate Division of Trinity Church, and the Polytechnic Institute of New York University.

Contact

Local Bigwig

137 Varick Street, 2nd Floor

New York, NY 10013 USA

212-292-3160

info@localbigwig.com