Airbnb Rentals Skew Market in East Village, Hell’s Kitchen, Williamsburg
(DNAINFO) Gwynn Hogan | June 29, 2016 — The most “impactful listings” were in these neighborhoods, a study found.
The Airbnblistings most detrimental to the city’s rental market are mostly located in the East Village, Hell’s Kitchen and Williamsburg, a study released this week found.
The report, commissioned by tenant advocates Housing Conservation Coordinators and MFY Legal Services and researched by BJH Advisors, focused on what it called “impact listings,” or apartments that are effectively taken off the market due to short-term rentals.
The researchers identified 8,058 apartments across the city which fit three categories they’d designated as harmful to the rental market: the entire home or apartment is listed, the apartments are regularly rented out for less than 30 days and those deemed “commercial” meaning that they’re rented out the apartment for at least three months.