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A small community that was once a thriving trading district during the pre-colonial era of the Philippines, the city of Parañaque is still a center of trade activities. Located in the southern area of the National Capital Region (NCR), it covers a land area of approximately 17.98 square miles and a population of 588,126 according to the 2010 national statistics. It was once called “Palanyag”, meaning “my beloved”, by the residents because of their affection for their hometown.
Due to its proximity to the sea, the townspeople traded with the Malays, Japanese, Indonesians, Indians, and the Chinese. When the Spanish arrived, the town was dominated by missionaries, whose goal was to inculcate Christianity in the natives. The St. Andrew’s Cathedral is one of the remaining churches from that era and is a popular tourist attraction. During the American Occupation, the city became one of the first municipalities of Metro Manila. By 1998, it was converted into the 11th city of the capital.
Paranaque City is made up of large suburban residential areas, peppered with commercial hubs all across its vicinity. Whether you’re looking for an idyllic home to settle down in, or a lucrative commercial structure for your business, you’ll find a property for rent in Paranaque that suits your every need.
When the country gained its independence, the city was reconstructed and transformed into a dynamic financial and commercial center. One of the busiest and largest dry goods markets is located here. Baclaran is an area lined with flea markets that sell practically anything and everything. It is sometimes referred to as the “Fashion Capital of the Philippines” because of a wide array of affordable clothes, shoes, and bags sold there. Given these fortuitous circumstances, if you want to open a retail or restaurant business here, you’ll get the most value for your money with a commercial property for rent in Paranaque.
The city has three major shopping malls, all owned by SM Prime Holdings, Inc.:
SM City Sucat
SM City Bicutan
SM City BF Parañaque
Most of the commercial establishments are concentrated along Dr. A. Santos Avenue (DASA) and Doña Soledad Avenue. Prime residential areas are in barangay B.F. Homes and the barangay of San Antonio. Boulevard 2000 is a project that the city is undertaking to become the major business district of the South. This area is emerging as a new lucrative location in the capital, as many companies are expected to move their headquarters here. Asia World City is a self-sustaining 200-hectare community.
It is also the location of the Ninoy Aquino International Airport Terminal 1, where major international carriers are located. This makes it an ideal place for businessmen and jet-setting families or individuals who are looking for either a residential or commercial property for rent in Paranaque.
The city has been experiencing rapid growth in infrastructures and revenues in the past couple of years, both in the commercial and residential sectors. With many commercial establishments and institutions situated in various parts of the city, the number of professionals and families that have opted to live in a residential property for rent in Parañaque has been steadily increasing.
With the construction of several infrastructure projects and more commercial developments underway, Paranaque is poised for even more growth in the coming years. You can get ahead of the game by making your mark in the city with a commercial property for rent in Paranaque.
Frequently Asked Questions
Are there transient property rentals in Paranaque?
Yes, there are 35 transient property rentals in Paranaque. These properties are ideal if you only need to rent one out for a short period of time.
Are there any lots for rent in Paranaque?
Yes, there are 33 lots for rent in Paranaque. There are plenty of lots for rent in Paranaque to fulfill any specific need you may have from commercial land to agricultural land.
Are there any houses and lots for rent in Paranaque?
Yes, there are 405 houses and lots for rent in Paranaque. Paranaque is an idyllic place to live in with many modern conveniences right outside your doorstep, so you should definitely consider renting a house and lot here.
