The Philippines has been experiencing over a decade of economic growth despite many challenges. In fact, one could say that the economic strength of the country is a result of the obstacles it has faced. Needs in areas of infrastructure, housing, and finance seem to have inspired Filipinos to work harder to resolve them, which has resulted in tremendous growth in these industries.
With the growth of the economy comes a boom in workers, especially workers who are relocating to more urbanized centers from various parts of the country in search of better career opportunities. This wave of new local migrants has resulted in a need for real estate that can accommodate them, such as an affordable apartment or a bedspace for rent.
With the influx of more office spaces to cater to both local and foreign companies, there’s been a rise in workers. And as more workers are taking up employment in key business districts in Metro Manila, the traffic situation is also worsening as a result. The same can be said for many university and college students in the metro. Thus, many young professionals and students are opting to give up the dreadful commute and instead, live near their offices and schools. This is how the typical bedspace for rent arrangement came to be.
At present, many of the country's top property developers are already riding on the trend, with many offering bedspace for rent in some of the busiest locations in the Philippines. Independent developers are also following suit to capitalize on this new market.
Aside from proximity to the places of employment and educational institutions, a bedspace for rent often comes with amenities that are attractive to this specific audience, such as wi-fi and common lounges for socialization, minus the cost and commitment of renting or buying a condo unit.
Furthermore, a bedspace for rent invites collaboration among residents, making way for a work-life balance that is enjoyable and eases the stress of city life.
Frequently Asked Questions
Is there a bedspace for rent in Metro Manila?
Yes, there are over 562 bedspaces for rent in Metro Manila. Since Metro Manila is becoming more congested as time goes by, bedspaces have provided a means for people to live close to where they work or study without breaking the bank.
Is there a bedspace for rent in Cebu?
Yes, there are about 17 bedspaces for rent in Cebu. Cebu is one of the top places for business, education, and commerce, so it’s also jumped on the bedspace for rent bandwagon to help its workers and students live closer to where they need to be.
Is there an affordable bedspace for rent below 4k?
Yes, there are 186 affordable bedspaces for rent below 4k. Bedspaces are one of the most affordable types of housing available, with rental rates that go well below 4k a month