Apartment rentals New York with Downtown Manhattan Rentals

A photograph of 70 Pine the year it was built.

Art deco landmark 70 Pine is offering 2 months free rent to all new leases, for a limited time only.

A recent article in The New York Times talked about how New Yorkers dealing with critical situations in their lives have turned to a new kind of therapy to help them deal with it: relocation therapy. As it turns out, moving into a new home has had positive effects on people facing all kinds of tough scenarios. You could be wanting to get away from a messy divorce, or maybe you could be wanting a simple change of place—regardless of the reason, a new address could be just what you need to start your life anew. So if you think you need some relocation therapy in your life, here are five of our top picks on where to get a fabulous new home:

Although affordable housing was high on Mayor Bloomberg’s list of initiatives, housing costs continue to rise, due perhaps to the market subtracting units faster than Bloomberg can put them up. This has led to a spike in the percentage of income that New Yorker’s are spending on rent. According to a new Harvard paper, the high cost of housing is directly linked to the slowdown of economic growth. This is a problem that is compounded by New York’s high unemployment rate compared with the rest of the country. This seems to occur because New York hires people from out of state and few middle class residents see the benefits.

Manhattan is about to be taken by storm by a wealthy French contingent looking to rent apartments overseas. Luxury Rentals Manhattan has done comprehensive research on new incoming foreign renters seeking apartments and believes a great number of French clientele will choose New York City as their new home due to political changes back in their native Europe. 

The National Association of Home Builders, in conjunction with Wells Fargo, released their monthly Housing Market Index last month, and the report, which gauges builder confidence in the housing market nationwide, provided some promising new information. Nationally, builder confidence in new construction is higher than it has been since before the market crash, and while the index number is still relatively low—standing in February at 29—it is on a consistently upward trajectory, and is now the highest it has been since May 2007. While the report does not touch on individual markets, it does imply good news for builders and renters of apartments in Manhattan.