Today in data, a new report shows that New York City has more Airbnb and Vrbo rentals than vacant apartments.
Data
22,000+: Estimated number of Airbnb and Expedia Group’s Vrbo vacancies in New York
7,500: Estimated rental inventory in the New York area
$3,870+: Median rent for new leases in Manhattan last month
40%: Increase in the number of rural bookings recorded by Airbnb since 2019
31%: Number of people renting out part of their homes for added income, up from 24% in 2019
