Apartment rentals New York with Apartment Renters

Manhattan Apartments Rented for Tourist Experience

Many Manhattan apartments will soon be rented for tourist use

What justifies a genuine New York living experience? Certainly, no Manhattan resident would claim that a tourist visiting the city for around a week could never actually grasp what it means to live in New York or to actually experience a Manhattan apartment. However, for many tourists, such an assertion is undoubtedly correct. The new trend in New York tourism is to shun the “non-genuine” feeling of staying in a hotel and visiting all of the common landmarks while visiting Manhattan. Visitors to New York want to truly immerse themselves into Manhattan culture, which of course does not come without having lived in a genuine Manahttan apartment. Such a wish has become reality as many tourists are now taking the chance to live in the rented-out apartments of actual New York residents.  

High Income Individuals Promote Rental Market Expansion

The rental market in Manhattan is showing a surprising trend. Despite rents increasing to record rates, the high-end rental market in Manhattan is still expanding. Clearly, high-net-worth individuals prefer signing a lease agreement as opposed to taking out a mortgage to purchase a luxury apartment in Manhattan, but why would they when the financial benefits are few? Apparently, the appeal of the Manhattan luxury rental still exists for individuals needing a place to live without having to absolutely settle down into a long-term residence. Although many residents in this category may very well be able to afford buying a Manhattan condo, it seems that the current state of the housing market coupled with a sense of uncertainty on the future is keeping their faith in the rental market alive.
 

How to Find Deals Without Leaving Manhattan

Apartment renters can still find deals in Manhattan if they look closelyDo you hear that? It’s the sound of taxicabs buzzing by and New York residents stomping their way to work; the sound of busy restaurants serving customers at their outdoor tables; the sound of dogs roughhousing in the dog runs at Central Park. Yes, Manhattan is alive and well, so it's no surprise that millions are trying to make Manhattan their permanent home, although high rents are making it hard for many. This financial duress is causing some to look across the river and to the north to find affordable rental apartments. But savvy renters shouldn't lose hope, because those that have been persistent enough to keep looking for high-quality rental apartments in Manhattan are still finding deals.