Airbnbs outnumber New York apartments in hot market | app

The number of short-term rentals in New York City exceeds the number of apartments available, putting pressure on renters looking for space in a booming real estate market.

The total number of whole-home short-term rentals in the city’s five boroughs — those listed on Airbnb Inc. and Expedia Group Inc.’s Vrbo — is over 13,000, according to third-party data tracker AirDNA. Meanwhile, rental inventory in Manhattan, Brooklyn and parts of Queens is hovering at just over 7,500, according to an April report from brokerage Douglas Elliman Real Estate. AirDNA defines active listings as those with a booked or available day in the last month.

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