What does it mean when Manhattan apartment sales double in the first quarter? It means good news for the economy.

With prices on New York apartments falling an average of 29 percent from market highs—prices have declined by a whopping $868,000—sales are picking up. The average price of a luxury apartment in Manhattan is $4.58 million.

Of course, that’s far too high for your average entrepreneur who wants to work from home and still needs a prestigious business address to compete in a cut-throat New York business market.

Enter the virtual office. Virtual offices give entrepreneurs and enterprises the best of both worlds: a desirable business address and an affordable price. It might surprise you to learn that you can rent a virtual office in New York City’s Rockefeller Plaza for just $175 a month. That compares favorable to buying an apartment from which to work or renting traditional office space in Manhattan.

What’s better, a virtual office gives you more than a prime business address in New York. You also get mail and package receipt, a business support center with copy machines, faxes and other business equipment, a lobby greeter, a place where clients can pick up and drop off packages or letters, mail forwarding and shipping services, a lobby listing, and access to a conference room (for an hourly fee).

Over the past 16 months, Bob Mascaro, president of Infill Companies, transitioned to Davinci's virtual services because the majority of his business is done out of state and requires considerable travel.

“My phones are answered and passed onto my cell phone or wherever I am located on a daily basis. My mail service maintains the same address, and is always ready for pick-up on my way home from the airport,” Mascaro says.

“Using my PDA or my laptop, I am always able to access my office files, which are maintained on a Davinci server. My files are secure and backed-up on a daily basis, ensuring constant security of my records. Davinci has been able to accommodate my needs for close to eight years. I intend on maintaining this relationship regardless of my future needs.”