Insight
Short-term rentals in New York City have decreased by 85% following a 2023 crackdown.
NY Dirt: Short-term rentals down 85% since 2023 crackdown
Summary
New York City has seen an 85% drop in short-term rentals since its 2023 crackdown. This significant decrease highlights the impact of strict regulations on the STR market, affecting both hosts and the availability of short-term accommodations in the city.
Key takeaway