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    Two Housing Advocacy Groups Issue Report on Airbnb’s Effect on Residential Rental Rates

    Airbnb  •  Citywide
    The cover page of the report jointly issued by Housing Conservation Coordinators Inc. and MFY Legal Services Inc. Image credit: BJH Advisors LLC

    The cover page of the report jointly issued by Housing Conservation Coordinators Inc. and MFY Legal Services Inc. Image credit: BJH Advisors LLC

    The report found that the pervasive use of Airbnb in New York City is likely the indirect causation of incredibly low residential vacancy rates and rising rental rates. In June of 2016, housing advocacy groups Housing Conservation Coordinators and MFY Legal Service jointly issued a study on the impact Airbnb and similar short-term rental-facilitating platforms have on the traditional housing market in New York City. While there are several companies connecting short-term rental apartments with people seeking such accommodations, the biggest player in the market right now is undoubtedly Airbnb.

    (read more…)

    Tags : Airbnb, Airdna, BJH Advisors, Housing Conservation Coordinators, MFY Legal Services
    Date:07/12/2016
    Category : Affordable Housing
    (2) Comment

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