So far, the strict new regulations governing Airbnb and other short-term rentals have not made a significant impact on the rental housing market.
New York City’s recent crackdown on short-term rentals is reverberating across the tourism industry.
According to an article in The Real Deal, “As of the end of March, the city has scored $16.3 million in settlements from lawsuits related to Local Law 18, Bisnow reported.”
The article notes that short-term rental options declined by 80 percent since the law went into effect. However, over 6,100 new applications were submitted in the first part of 2024. Meanwhile, “Hotels have surged in demand and profitability at the end of the year, recording a jump in average daily rates of 10 percent year-over-year, according to CoStar.”
An analysis conducted in January 2024 — just four months after the new regulations took effect — found no decrease in rents or increase in apartment inventory.
FULL STORY: City fines short-term rental landlords $16M after Airbnb crackdown
A ‘Black Market’ for Short-Term Rentals Grows in NYC
While many owners are listing their rentals on other websites, others are moving them back to the long-term rental market.
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.
New York’s Airbnb Reform, One Month In
Less than half of submissions to the city’s new application process have been approved under new short-term rental regulations.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
New Jersey’s second-largest city bans standalone data centers
Jersey City will continue to allow co-location facilities, such as those meant for research institutions that store their own data.
Amtrak not solely to blame for New Jersey commuter rail's unreliability, report finds
A new study from the Garden State Initiative found that NJ Transit’s budget grew 20% across a 4 year period, but reliability declined significantly over the same period.
EPA erases limits on planet-warming pollution from power plants
Under Monday’s plan, power plants would still have some limits on how much mercury, arsenic and other contaminants they can emit.
Phoenix announces new on-demand transit service, more frequent RAPID buses
Both new services will launch in October, and are part of Phoenix's Project Effective Access Solutions for Easing Congestion.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Eagle County Government
Harvard University Graduate School of Design
Nashville Planning Department
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association