New Residential Properties, New Openings for Retail Businesses

Visionary mixed-use residential developments such as Avida Towers Centera in Mandaluyong City and Astrea in Fairview, Quezon City offer new opportunities and a competitive edge to small business owners, including a captured market and lower cost of doing business. By Joyce Panares

Urban living, especially for budding entrepreneurs, has never been more holistic, sustainable, and exciting as with the two move-in ready condominium projects of Avida – Centera along Reliance St. in Mandaluyong City and Astrea in Fairview, Quezon City.

Both are strategically located near public transportation, schools, offices, and commercial centers, and offer a captured market for business owners who are keen on taking advantage of mixed-used residential developments.

Location, location, location

Given that location is key to any property development, potential retail merchants of Centera and Astrea are assured of business-friendly environments that support dynamic and productive enterprises.

Quezon City, in particular, ranked first overall among the country’s 33 highly-urbanized cities in the 2017 Cities and Municipalities Competitiveness Index of the National Competitiveness Council. The city also came in second in terms of economic dynamism (enabling a stable expansion of business and industries); second in terms of government efficiency (reliable government services, including reasonable taxation and an anti-corruption culture); and first in terms of infrastructure (straddling all mass transportation systems – MRT-3 and LRT Lines 1 and 2, as well as the upcoming MRT-7 that will go all the way to Bulacan).

Mandaluyong City, for its part, made it to the Top 10 of the most economically dynamic highly-urbanized cities, being an emerging center of economic activity. Located near the geographic center of the metropolis, the city has access to credible labor from both north and south sectors of Metro Manila. Its landscape has likewise transformed into one of the most promising business and financial centers in the capital.

The property developments themselves offer unique features that ensure meaningful city living and provide a viable business environment. The four-tower Centera is strategically surrounded by three central business districts – Ortigas, Makati and Bonifacio Global City. This makes it an ideal location for young professionals and entrepreneurs who can service the neighboring markets. Astrea, for its part, is near one of the stations of MRT-7 that is linked to the MRT-3 station in Trinoma, making it easier to reach any central business district in Metro Manila.

READ: North vs. South – Where in Metro Manila Should You Invest in Property

The competitive edge

Both entrepreneurs and established players in retail now have a competitive edge to offer their goods and services to a captured market in residential locations given these mixed-used developments. Some excellent business ideas to consider include food and beverage concepts such as coffee shops or pizza places; gyms that also offers classes such as Zumba, pole dancing, or yoga; home cleaning services; convenience stores; or even waxing, nail or beauty salons.

Shops in residential condominiums like Centera and Astrea offer unparalleled service, shopping and dining experiences – minus the hassle of heavy traffic and having to search for rare parking spots. Entrepreneurs are also able to build more personal relationships with their customers, who may be their immediate neighbors, giving the opportunity to truly distinguish your product or service from cookie-cutter businesses located elsewhere. Rent is likewise more competitive in residential buildings than in commercial ones, thus bringing down the cost of doing business.

Visionary mixed-use residential developments such as Centera and Astrea provide new opportunities for both first time entrepreneurs and those wishing to expand their businesses amid a backdrop of leisurely city living.

By reaching out to Avida Retail Management, they can secure a retail space that directly connects to their target market. For more information on present opportunities and inquiries on retail leasing, visit the Avida Land retail leasing page.