APAC
Seasonal demand remains the primary market driver across key destinations including Singapore, Hong Kong, Tokyo, Sydney, and Seoul. Peak leasing periods, driven by corporate relocations, school enrolment cycles, lead to limited housing supply in premium expatriate locations. As a result, clients can expect higher average daily rates (ADRs) for temporary accommodation, reduced housing availability, longer search timelines, and less flexibility during lease negotiations.
Hong Kong, Singapore, Sydney, and Tokyo remain among the region's most expensive temporary accommodation markets, with elevated rental costs and strong demand for centrally located properties. In contrast, Bengaluru, Hyderabad, and Kuala Lumpur continue to offer more cost-effective housing solutions, providing greater value for mobility programmes while maintaining access to high-quality accommodation options.
In Singapore, evolving agent commission practices are increasingly shifting costs from landlords to tenants. This change is resulting in higher upfront expenses for assignees, particularly for longer-term leases and premium properties. A review of current housing policies and rental allowances is recommended to ensure they remain aligned with market conditions and adequately cover potential increases in move-in costs.
Across the region, early planning and market engagement are becoming increasingly important. Encouraging employees to commence their home search well in advance of assignment start dates can help mitigate competition, expand housing options, and reduce the risk of temporary accommodation extensions and associated programme costs.
AMERICAS
Elevated mortgage rates continue to influence housing decisions across the US, sustaining rental demand as many prospective buyers remain priced out of the home ownership market. Despite this overall trend, local market dynamics differ considerably. Austin and Dallas continue to benefit from significant new housing supply, resulting in improved availability, greater negotiating leverage for tenants, and more favourable rental terms. Conversely, New York City, the Bay Area, and key Florida markets remain among the most competitive relocation destinations, where limited inventory and sustained demand contribute to higher rental costs and extended home search timelines.
In Toronto and Vancouver, Canada, increased development activity has improved rental supply and slowed rate increases. However, premium neighbourhoods favoured by expats continue to command high rents.
Mexico – In key Mexico City districts, strong demand and constrained supply continue to drive rental rate growth, particularly in areas favoured by multinational companies and expatriate populations. At the same time, landlords are increasingly enforcing stricter financial and documentation requirements, including requests for guarantors, income verification, enhanced due diligence, and higher upfront payments. These factors can extend lease approval timelines and create additional challenges for newly arrived assignees, making early planning and market engagement increasingly important.
Part II of Global Mobility Insights from K2 Group, Q2 2026, can be found here.