Latest / Real Estate News Today | 2 Min News | The Daily News Now!
NYC Short-Term Rentals Plummet | Real Estate News
New York City’s short-term rental crackdown is paying off—with just 15% of pre-2023 listings still active, the city’s aggressive rules are shrinking Airbnb’s footprint and keeping apartments available for real residents. Despite pressure from the hotel industry and tenant groups, officials have resisted relaxing regulations—even during high-demand events like the World Cup. Most legal rentals now come from homeowners, not renters, and the city has blocked applications that would convert rent-stabilized units or allow rentals by non-residents. The Office of Special Enforcement is actively…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.