When it comes to finding great corporate rental properties in New York City, there’s a lot of information out there. Renters today are emphasizing quality of life as much as a good commute in finding that perfect rental. And changes to the law continue to affect the New York City furnished housing market. Keeping updated is key in order to find that perfect “Big Apple” corporate rental.
Those looking for short-term “AirBnb” style properties were dealt a blow in October 2016 by Governor Mario Cuomo, who banned rentals for less than thirty days of entire homes or apartments in apartment buildings. “Couchsurfing” or room rentals are still permitted as well as apartments where there are less than three units, but in terms of corporate appropriate rentals this has a big impact on supply, as it was estimated that 72% of AirBnb rentals in New York City were illegal in 2014. This means it is a great time to supply furnished housing in New York City – if the term is thirty or more days. For renters, it will be important to ensure your hosts are operating under the law.
In terms of locations, New York City provides an array of neighborhoods and lifestyles to please anyone seeking furnished housing. Beyond the need to be close to work, finding neighborhoods with amenities matching the needs of clients is of high concern. Great family neighborhoods stand out in terms of density of parks and family friendly activities, and are a bit quieter at an affordable price. Brooklyn Heights, Prospect Heights, Gramercy, and Battery Park all fit the bill for those seeking corporate furnished family housing. The suburbs are a natural fit for families and Kensington, Syosset, Great Neck Estates, and Jericho are highly rated areas for families.
If you’re looking to stoke a creative spark in New York City, neighborhoods like Kips Bay or Greenwich Village will paint a perfect picture. These are quieter neighborhoods with their own small community feel, influenced by nearby universities like NYU.
If you’re single and looking for a more active lifestyle, the New York City corporate real estate market has you covered. Hell’s Kitchen, the Flatiron District, Gramercy, the Financial District, and Nolita are all up-and-coming or established areas full of lively nightlife, great restaurants, and shopping. For those aiming for a similar, but even more upscale housing, go no further than NoHo, SoHo, Dumbo, or Tribeca, whose central locations and celebrity sighting quotient make them a more expensive but go-to option for those seeking prime furnished housing.
Whatever your taste or need for corporate housing in New York City, there’s an area that suits your need. There’s more urgency now for local owners to open up supply and for renters to find a good spot, but as that happens renters will more easily find that great NYC furnished housing rental.