ARTICLE SUMMARY
One year after New York City's crackdown on short-term rentals, Local Law 18 has caused an 83% drop in short-term listings, a 29% rise in long-term rentals, and a complex, uneven impact across the city's boroughs.
One year after New York City's crackdown on short-term rentals, Local Law 18 has caused an 83% drop in short-term listings, a 29% rise in long-term rentals, and a complex, uneven impact across the city's boroughs.