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New Findings from NYU Stern, NYU Wagner, and Airbnb Researchers Bring an Economic Lens to the Evolution and Profitability of Short-Term Rentals in New York City

ew research reveals how the geography of Airbnb usage patterns in New York City has evolved over time while revealing unexpected trends in short- and long-term rental prices.

The paper, "Airbnb Usage Across New York City Neighborhoods: Geographic Patterns and Regulatory Implications," is forthcoming in The Cambridge Handbook of the Law of the Sharing Economy.

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ew research reveals how the geography of Airbnb usage patterns in New York City has evolved over time while revealing unexpected trends in short- and long-term rental prices. The paper," is forthcoming in.

Combining proprietary data from Airbnb with data from the American Community Survey, Zillow, and TripAdvisor, the researchers – Professor , NYU Wagner Professor , NYU Wagner PhD student , and economists and of Airbnb – find that between 2011 and 2016:

The researchers also outline the advantages and disadvantages of different regulatory approaches to discourage the conversion of long-term to short-term rentals.

"Around the world, local governments are trying to institute an appropriate regulatory response, but they are doing so without vital evidence about usage patterns, geographic considerations, and the economic impact of both long- and short-term rentals in this new space," the authors explain. "We do not advocate for a specific regulatory approach. Rather, we use an economic lens to identify approaches that preserve value while minimizing negative spillovers on neighborhoods."

To speak with Professor Sundararajan, please contact him directly at or contact Janine Savarese in NYU Stern's Office of Public Affairs at 212-998-0202 or . To speak with Professor Ellen, please contact her directly at or contact Shannon Moriarty at the NYU Furman Center at 212-998-6492 or . To contact Airbnb, please reach out to .