NYC Sees Record Rents, Hotel Rates as Short-Term Rental Law Continues
May 07, 2025
May 07, 2025
AUSTIN, Texas, May 7 -- Airbnb, a community-driven hospitality company, issued the following news release:
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NYC sees record rents, hotel rates as short-term rental law continues
Key Takeaways
* More than 20 months later, New York City's Local Law 18 has failed on its promise of improving housing availability and affordability. For the first time on record, the median rent across all of Manhattan has surpassed $4,000 per month - a 4.1 . . .
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NYC sees record rents, hotel rates as short-term rental law continues
Key Takeaways
* More than 20 months later, New York City's Local Law 18 has failed on its promise of improving housing availability and affordability. For the first time on record, the median rent across all of Manhattan has surpassed $4,000 per month - a 4.1 . . .