NYC Comptroller Scott Stringer released a report yesterday that blames Airbnb for nearly 10 percent of the increase in citywide rentals between 2009 and 2016.
Stringer’s office alleges that New York renters paid $616 million in 2016 because of Airbnb’s influence on the housing market, with Bushwick renters accounting for about $25 million of that figure.
According to the Comptroller’s study, monthly rents in Bushwick rose from $935 to $1,304 between 2009 and 2016; Airbnb price pressures were responsible for about 15 percent of the $369 increase. In 2016, there were 36,052 rental units listed in the neighborhood; 1,990 were Airbnb, the study said.
Cover image courtesy of Stock Catalogue






