New York’s Airbnb listings could exceed the number of apartments for rent

Airbnb is in the news for a mix of good and bad reasons. When it’s not extend the service to make it easier to stay between multiple properties on a single trip, its security team (and terrible rentals) become the the subject of a documentary series.

Now, according to a report by braked, April 2022, apartment rental inventory in Manhattan, Brooklyn and Northwest Queens was 7,699 units. That compares to somewhere between 10,000 and 20,000 Airbnb listings of entire apartments or entire homes across New York City, according to calculations by AirDNA and Inside Airbnb.

New York City has banned short-term rentals (less than 30 days) in multi-unit buildings without the presence of the landlord since 2011, to even announce such announcements in 2016. The report did not determine whether Airbnb hosts follow these guidelines.

Airbnb didn’t just cause New York City’s housing shortage β€” a problem seen in most “desirable” cities around the world. In New York, rents are rising and permits for new apartments are down a “double-digit percentage,” the Airbnb spokesperson said.

However, the optics of having more Airbnb listings than apartments for rent is not good.

–Mat Smith

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