operationsSkift··1 min·For: Owner, Investor, Revenue
Short-Term Rentals Pivot to Depopulating Markets
While major cities restrict short-term rentals due to housing shortages, regions facing population decline present an opposite dynamic where excess housing can benefit from tourist demand. Regulations like New York's Local Law 18 have slashed listings, shifting focus to markets with surplus inventory.
Key Takeaways
- 1New York's Local Law 18 reduced short-term Airbnb listings by 83% in one year, falling to 3,700.
- 2Studies show short-term rentals raised Barcelona rents by 1.9% overall and up to 7% in dense tourist areas.
- 3Shrinking regions with excess housing stock offer a counter-model to strict urban rental crackdowns.
Source: Skift
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