New, boutique hotels around the city offering small quarters at cheap prices have become the trendiest places to day, according to the Times. Hotels like Jane and Pod are offering "presidential suites" from 50 to 100 square feet for as low as $89 a night, which averages to $2,670 a month for a West Village address at Jane. Regular Peter Griesar said, "The price is right, the neighborhood’s great, and who spends time in a hotel room in New York anyway?"

The trend will soon get a boost when British chain Yotel makes its way to the city next year, offering by-the-hour cabins of 170 square feet. Simon Woodroffe said, "very, very rich people stay in reasonably small spaces on luxury yachts, and very, very rich people travel in extremely small spaces on Learjets," and doesn't see why they wouldn't do the same in a hotel. Many offer small bunks with shared bathrooms, and are capitalizing on the stylish-but-cramped lifestyle every New Yorker lives with to draw outsiders who want to feel like locals. “This is attractive to a very large market,” said Tisch dean of Hospitality Lalia Rach. "They want to live the destination, not live the hotel." How long until Real Estate agents start touting three-to-a-room apartments as "authentic"?