VRMA Administrator
Airbnb's new listing service, where owners of multi-family properties allow tenants to occasionally rent out their units in exchange for a share of the revenue, has seen early growth. The program launched in the United States in November with about 175 buildings in 25 markets. It now has 260 properties in 40 markets. Regulation in some jurisdictions, such as New York City, makes it impossible for Airbnb to offer the program to local landlords and tenants, so it avoids those markets. “We’re in a good place globally for regulation, and New York City is one of the outliers,” said Jesse Stein, global head of real estate at Airbnb.
Skift (06/07/23) Sean O'Neill
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