With rents skyrocketing, more and more people are now opting for smaller homes. For some, this means that they now have limited room to move around in their homes, which has led to the increased use of multipurpose space-saving furniture. And while it may seem like just another trend, it looks like it is here to stay, with an increasing number of stylish options now available in this emerging segment.

Here is a breakdown of the 5 best space-saving furniture ideas that you can invest in today:

Storage Sofas

Sofas inevitably tend to be some of the bulkiest pieces of furniture in your home, in addition to your bed. And since for most people they are an essential part of their homes it is only natural that storage sofas, which integrate storage space underneath the cushioning, have become a popular option.

Murphy Beds

While Murphy beds have been around for a long time, they have seen a recent resurgence. They are the perfect space-saving furniture, as they create a lot of open space when not being used and are great for multi-functional rooms, such as guest rooms or office spaces. What’s more, they are quick and easy to install and operate, quickly transforming a room within a few minutes.

Tiered Sliding Storage Carts

Tiered sliding storage carts are a simple and practical way to make efficient use of the spaces between your shelves or pieces of furniture. With unmatched versatility, they can be used in practically any room and are perfect for small items that you need to store temporarily.

Wall-Mounted Shelves

When it comes to smaller spaces, making the most of the vertical and wall space available is a popular choice in home design. Wall-mounted shelves can be used to not only store but also display items that can add to the personality of your home. Or to stow away an ironing board discreetly.

Foldable Furniture

Wall desks and chairs are a fantastic way to create workspaces in your home that can be quickly dismantled, allowing the space to be used for something else. They allow every wall area to transform into a study table, an office table, or even a dining table and are available in a wide array of designs.