New Study Shows Link Between Proliferation of AirBNB and Increase in Cost of Rent

https://www.citylab.com/equity/2017/08/where-airbnb-is-raising-rents/535674/

'The new study, which has not yet been peer reviewed, is the first to analyze the impact of Airbnb listings by ZIP code in 100 of the largest metro areas.'

'The number of Airbnb listings in some central Brooklyn neighborhoods grew by a whopping 41 percent, on average, every year from 2012 to 2016.

During that same period, rents in these neighborhoods grew about 7.7 percent a year from a baseline average of $1,712 per month in 2012—that’s an estimated average increase of $131 every year.'