Paris dramatically increased the amount of fines imposed on short term rental units in the first half of 2017.
KTVB went house hunting in Boise and found a tight rental market with extremely low vacancy rates, as rent continues to rise.
Recently-opened 31-story Aurélien apartment tower at the corner of Clark and Chestnut is a 368-unit upper end rental development.
“A campaign, backed by the Hotel Association of New York City Inc. and the union that represents hotel workers, launched a 10-day, 30-second ad that links Airbnb’s short-term rentals to public security threats.”
From Green Street Advisors report
The single-family rental (“SFR”) market comprises ~13% of all occupied housing and ~37% of the
total rental market.
“The Atlanta area had the highest concentration of rental homes owned by five of the largest single-family-home companies in June 2017”
Bloomberg news reports home prices have doubled since 2008 causing a shortage of rental units, even for those with excellent credit.
Downtown West Palm Beach is set to have 800 new luxury apartments, which some predict will drive rental prices down.
“The 19J apartments at 19th and J streets will include a couple dozen “micro-units” with rents under $1,000…” designed for young people with modest paychecks
Up to 2000 apartments, plus office and retail space are proposed for a failed baseball stadium site in challenged Newark NJ.