{"id":1004151038,"date":"2016-08-25T05:00:07","date_gmt":"2016-08-25T13:00:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004151038"},"modified":"2020-05-11T23:39:36","modified_gmt":"2020-05-12T07:39:36","slug":"economy-watch-is-airbnb-affecting-rents-in-major-metros","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/","title":{"rendered":"Economy Watch: Is Airbnb Affecting Rents in Major Metros?"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004089481\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/slow-and-steady\/money_flow\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg\" data-orig-size=\"600,694\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"money_flow\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg?w=600\" class=\"alignright wp-image-1004089481 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg\" alt=\"money_flow\" width=\"259\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg 600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg?resize=259,300 259w\" sizes=\"auto, (max-width: 259px) 100vw, 259px\" \/><\/a>A <a href=\"https:\/\/fivethirtyeight.com\/features\/airbnb-probably-isnt-driving-rents-up-much-at-least-not-yet\/\" rel=\"nofollow\" target=\"_blank\">new analysis by FiveThirtyEight<\/a>, which is better known for its political prognostications but which also does economic studies, finds that Airbnb\u2019s impact on rental residential markets is still small in most cities. The concern, sometimes voiced by politicians and others, is that as more landlords list units on Airbnb\u2013&#8221;commercial listings&#8221;\u2013instead of offering them to live in, the already severe housing shortages in such metros as New York and San Francisco will get worse, and rents will continue to go up.<\/p>\n<p>FiveThirtyEight did its analysis of Airbnb using booking and revenue data provided by consulting firm Airdna, which is unaffiliated with Airbnb. To be \u201ccommercial\u201d in the FiveThirtyEight analysis, a listing had to be for an entire home or apartment, as well as had to be booked for 180 days or more between June 2015 and May 2016.<\/p>\n<p>According to FiveThirtyEight, there were nearly 9,000 commercial listings in Airbnb\u2019s 25 largest U.S. markets during the 12 months ending in May 2016. That\u2019s 10 percent of Airbnb\u2019s total listings in those markets, but they also make up about a third of its revenue, so there seems to be an incentive to grow commercial listings.<\/p>\n<p>For now, however, Airbnb isn&#8217;t having much impact on rents. That&#8217;s mainly because the raw number of commercial units is under 1,000 in all but the biggest cities, which isn&#8217;t enough to impact rents. Even in Airbnb\u2019s biggest domestic market, New York, there are only about 2,500 commercial listings, compared with about 2.2 million total rental apartments\u2013a drop in the bucket so far.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new study by FiveThirtyEight reveals why Airbnb&#8217;s impact on rental markets is still small in most cities, but could contribute to country&#8217;s already severe housing shortage.<\/p>\n","protected":false},"author":1269,"featured_media":1004089481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[],"class_list":["post-1004151038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economy Watch: Is Airbnb Affecting Rents in Major Metros? - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Is Airbnb Affecting Rents in Major Metros?\" \/>\n<meta property=\"og:description\" content=\"A new study by FiveThirtyEight reveals why Airbnb&#039;s impact on rental markets is still small in most cities, but could contribute to country&#039;s already severe housing shortage.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-25T13:00:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T07:39:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"694\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/\",\"name\":\"Economy Watch: Is Airbnb Affecting Rents in Major Metros? - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg\",\"datePublished\":\"2016-08-25T13:00:07+00:00\",\"dateModified\":\"2020-05-12T07:39:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg\",\"width\":600,\"height\":694},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy Watch: Is Airbnb Affecting Rents in Major Metros?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb\",\"name\":\"the Editors of Commercial Property Executive\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g\",\"caption\":\"the Editors of Commercial Property Executive\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/theeditorsofcommercialpropertyexecutive\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Economy Watch: Is Airbnb Affecting Rents in Major Metros? - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/","og_locale":"en_US","og_type":"article","og_title":"Economy Watch: Is Airbnb Affecting Rents in Major Metros?","og_description":"A new study by FiveThirtyEight reveals why Airbnb's impact on rental markets is still small in most cities, but could contribute to country's already severe housing shortage.","og_url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-08-25T13:00:07+00:00","article_modified_time":"2020-05-12T07:39:36+00:00","og_image":[{"width":600,"height":694,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg","type":"image\/jpeg"}],"author":"the Editors of Commercial Property Executive","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/","url":"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/","name":"Economy Watch: Is Airbnb Affecting Rents in Major Metros? - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg","datePublished":"2016-08-25T13:00:07+00:00","dateModified":"2020-05-12T07:39:36+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg","width":600,"height":694},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/economy-watch-is-airbnb-affecting-rents-in-major-metros\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Economy Watch: Is Airbnb Affecting Rents in Major Metros?"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb","name":"the Editors of Commercial Property Executive","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fc4d938ac2881d5bcae0ddd8397983de4563e191bf8314571185ff32f8f83ea6?s=96&d=mm&r=g","caption":"the Editors of Commercial Property Executive"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/theeditorsofcommercialpropertyexecutive\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/01\/money_flow.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004151038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1269"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004151038"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004151038\/revisions"}],"predecessor-version":[{"id":1004435707,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004151038\/revisions\/1004435707"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004089481"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004151038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004151038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004151038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}