NYC now has more Airbnb listings than rentals

Having a good time in NYC is a lot easier than staying late, new data shows.

The number of short-term rentals available has dwarfed that of long-term rentals in New York, according to a comparison of reports from Douglas Elliman and two third-party Airbnb sites. And the news comes at a time when the rental housing stock is driving prices up with record-high prices in the wake of COVID-19 and bidding wars for available units, putting a pinch on locals looking for a new place to live in the city .

According to Douglas Elliman’s April market report, there were around 7,500 available rental apartments between Manhattan, Brooklyn and northwest Queens. There are now more than 10,500 short-term rentals available in the boroughs, according to the website AirDNA. That number is even higher, according to Airbnb data-scraping site Inside Airbnb, which counts 20,397, Curbed first reported.

The rental housing stock in Manhattan has declined over the past year.
The rental housing stock in Manhattan has declined over the past year.
Getty Images/iStockphoto

In Manhattan alone, there were about 4,700 apartments for rent in April, according to Crain’s, down from the 20,743 in April 2021. Meanwhile, Manhattan’s April vacancy rate was just over 1.5%, the second-lowest record, according to surveyor Miller Samuel.

Airbnb doesn’t publicly report its own listing or booking dates — and critics claim the vacation rental company results in higher prices in big cities that remain popular with tourists.

An Airbnb representative contacted for comment on the matter noted that the one-to-one comparison of the reports was not entirely accurate as Douglas Elliman’s data did not include available units in the Bronx, Staten Island or count Queens entirely — while AirDNA and Inside Airbnb claim to count every short-term rental in the counties. The representative also added that Airbnb’s supply of NYC listings has declined over the past two years while rents and rental availability have increased, important factors to weigh when looking at the raw data.

“The dates are wrong. The real problem is that New York City just hasn’t built enough affordable housing,” the spokesman told The Post. “That’s why housing costs are rising everywhere and for everyone. Instead of attacking ordinary people who use their homes to pay the bills and meet rising food and other costs, the leadership must focus on building more housing for the people. Airbnb wants to be part of this solution and help.”

https://nypost.com/2022/05/20/nyc-now-has-more-airbnb-listings-than-rental-apartments/ NYC now has more Airbnb listings than rentals

JACLYN DIAZ

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