Living in the Financial District is not what it used to be!
May - 27 |
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Blog, Financial District
The Financial District is a great area to live. I say this as a resident who recently moved into this district from Murray Hill.
The Financial District has changed dramatically in recent years. Years ago the Financial District was primarilly office buildings and the retail stores restaurants and bars catered almost solely to the 9-5 crowd and the district would seemingly shut down at night.
Over the last decade the Financial District has made a major transformation. First, the financial district’s population has increased by more than 11,000 since 2004 to over 44,700; before Sept. 11, 2001, the district’s population was just under 27,000.
Since 2006 as many as 22 new restaurants have opened and 15 hotels are planned or under construction.
While I can’t say the nightlife compares to that of other districts. Stone Street provides a number of popular happy hour and dinner options. Typically on a nice summer night Stone Street is extremely busy and crowded, later in the evening many of the bars turn into comfortable neighborhood hangouts.
Many of the apartment buildings have been converted from commercial buildings since the 1990s so the financial district has one of the newest stocks of available apartments in the city.
The economy has taken its toll on rental rates as well. The average price of an apartment has dropped 10-15%. Last year a 2 bedroom apartment with a home office that rented for $5250 now rents for $4,600
The best part is a majority of the buildings in this district are completely no fee!
For more information and to receive a list of available no fee apartments in the financial district please fill out the form below.







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