Airbnb Probably Isn’t Driving Rents Up Much, At Least Not Yet

Airbnb and other short-term rental platforms have been a boon to travelers in recent years… But as such platforms have grown, housing advocates have become increasingly concerned that what’s good for visitors is bad for residents … they are exacerbating already severe housing shortages in cities such as New York and San Francisco, driving up rents.

But a FiveThirtyEight analysis of Airbnb booking and revenue data … shows that Airbnb’s impact is probably still small in most cities, but it also shows that a disproportionately large share of the company’s revenue comes from the listings that most worry its critics — homes that are rented out for a large portion of the year. That could give the company an incentive to focus on increasing such listings as it grows — something some experts believe may already be happening.

Source: Airbnb Probably Isn’t Driving Rents Up Much, At Least Not Yet –fivethirtyeight.com