The most common and most likely answer to this crossword clue is the 10 letter word BEDSITTERS
I've seen this crossword clue in The Daily Telegraph
B
E
D
S
I
T
T
E
R
S
More clues leading to the result BEDSITTERS
Buddy explains!
The straight part
We know that "They accommodate those who don’t wish to move far when they retire" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case they accommodate those who don’t wish to move far when they retire = bedsitters.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does BEDSITTERS mean?
BEDSITTERS noun- Bedsit