Insight
Short-term rental rates across New York and New Jersey have risen sharply due to increased demand around FIFA World Cup matches at MetLife Stadium.
World Cup demand drives sharp STR rate increases across New York and New Jersey
Summary
World Cup demand is driving a significant surge in STR rates across NY and NJ. Some hosts have seen over 1,000% increases. Demand is up 66% in host markets, but analysts warn against overpricing.
Key takeaway