CORT News Center

About 1.5 million people relocate each year, estimates Mark Koepsell, senior vice president for new business development with CORT ...One option for relocators is renting rather than buying. CORT specializes in rental relocation, which is about 50 percent of the total relocation market. And with the nation's housing market sluggish, it has made renting a much more popular option, Koepsell said.

CORT is focused on the needs of renters exclusively. Real estate brokers provide rental services but focus on homeownership primarily. ...CORT offers a wide range of relocation-related services including (apartment) listings to renters. (Other) online apartment search services only offer listings.

When it comes to 30 days or more, corporate housing clearly...makes the most sense. "If it's anything from one to three or even one to six months, corporate housing provides one of the better options going out there," says Mark Koepsell, senior vice-president of CORT.

CORT, a furniture rental unit of Warren Buffett's Berkshire Hathaway Inc, ... acquired British furniture designer Roomservice Group...in its first non-U.S. acquisition. ...The U.K. business, Roomservice by CORT, will provide furniture rental and design services for residential and commercial properties.

"By providing a single coordinator...to address the needs of renters and employees...the burden is removed from having to manage the individual needs of each employee during a relocation or temporary assignment. CORT has the resources in place to address these needs...According to our market research and feedback from customers so far, reducing the stress of relocation is the primary benefit of working with a single service provider."

The redesign of corporate relocation policies with a fresh look at the unique rental-related needs for Gen Y employees can be a competitive advantage when recruiting and, later, retaining high performance employees. ... Area tours from local-market experts who live and work in the communities they serve can help companies and their employees. ... Other services that can ensure a smooth transition for Generation Y new hires may include arranging for utilities hookup, guidance in obtaining renter's insurance and even recommendations for temporary lodging."