If you're just coming out of college and are looking for a place in New York, you're not gonna want to miss this. If you're short on dough and are hunting for a reasonably priced, connected place to live, you'd better stay right here as well. If you need a glamorous, expensive-as-hell loft and a place to park your Bentley, head over to Riverdale. Got it? For those of you left, here's some critical information:
Financial District and Wall Street apartments are THE PLACE TO BE right now. As a beacon of light to investment bankers and an up-and-coming neighborhood for apartment renters, it's got the right price, the right amenities, and the right atmosphere for the recent graduate and the young professional.
Here's four excellent reasons to consider renting a home in Wall Street:
4. Wall Street Apartments Are Incredibly Classy
Don't believe us? Some proof:
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As the heart of the financial world, real estate developers have clearly put a premium on great design and elegance on apartments in the Financial District. You'll be the beneficiary of this thoughtfulness. Seize the opportunity to live in buildings this nice, for the right price.
3. Wall Street Residents Are Getting Younger
Not literally younger, unfortunately. (I imagine this article wouldn't be necessary if Wall Street was literally a fountain of youth.) However, the demographics of Wall Street are trending towards young adults every day, and at the current rate of de-aging I can project that Wall Street will be dominated primarily by 10 year olds in 2080. What does this mean for you? As the median age decreases, more and more post-college students are flooding into the Wall Street market, offering not only similar companionship opportunities but the growth of businesses and entertainment for young adults. The financial district is becoming a vibrant and invigorating destination.
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2. Wall Street Rentals Are Affordable
For a location in downtown Manhattan, Wall Street apartments are, in the most relative of terms, pretty freakin' cheap. You'll find 3 bedroom apartments dipping as low as $4,000 a month in buildings such as 12 John Street, and dozens of single-bed listings in the $2,000s. Some history: these apartments are priced this low primarily because of the district's remoteness from the "typical" New York hotspots and its storied past as a financial and business center, not as a residential destination. As clubs and nightlife have moved into the district though, this mentality is slowly being turned on its head, which brings me to my next point:
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1. The Financial District is Blowing Up
And not just in the bull market way. Businesses are springing up across the Financial District, offering increased varieties of restaurants, shopping centers, and entertainment venues. Tourism to Wall Street hit an all time high last year (partially due to the polarizing effects of Occupy Wall Street, but you know, it helps our argument), and the FiDi rental market is exploding, for the same reasons as described above. Finally, the nightlife has really taken off in the Financial District, with many young adults choosing to stay Downtown rather than heading north to have a good time. Overall, it's an excellent time to be living on Wall Street for young professionals and recent graduates: check it out if you're looking for a place to live!
[caption id="attachment_1870" align="alignnone" width="280" class="size-full wp-image-1870 " title="Wall Street Dining Financial District" src="https://www.rentenna.com/blog/wp-content/uploads/2012/06/Wall-Street-Dining-Financial-District.jpg" alt="Financial District Apartments" height="210" width="280">[/caption]