When Airbnb is going viral again, the rent is rising again
San Francisco, CA—A new study shows that Airbnb rentals are up again this year, despite the rise in demand for rental units.
The study, by the San Francisco-based San Francisco Renters Alliance (SFRA), finds that the average monthly rental rate for a 2-bedroom apartment in San Francisco is up nearly 30 percent from last year.
Renters also have more flexibility to find a new place to live, a boon for renters who can stay in a new city for one or two nights, or even for an entire year.
The SFRA’s data also shows that San Francisco renters are more likely to be able to stay longer in the city.
The average Airbnb stay was 7.7 days last year, up from 5.8 days in 2014.
San Francisco renters were also less likely to leave a place empty, but they were also more likely than other renters to leave their home empty.
SFRA said in a statement that the study shows how Airbnb can help reduce the strain on the housing market.
“We believe Airbnb is a great solution to keep people on the road and on the move, especially in the midst of the current housing shortage,” said SFRA President David R. Schulz.
“The fact that San Franciscans are moving in more and more frequently suggests that the housing crisis is getting worse.”
San Francisco rents have risen faster than the national average in the past two years, although it remains a pricey city for many people.
Airbnb has come under fire for charging a $7 per month annual membership fee that many people find too high.
Airbnb’s CEO Brian Chesky defended the service to Reuters in July, saying, “We’re not charging a fee for people who have been guests of ours.”
Airbnb has faced backlash from residents and activists, who say it is allowing people to stay in Airbnb hostels and hotels without any security and without paying taxes.
Airbnb also faces legal battles with regulators across the country, including California, where the company has been fined $2.3 million for violating state and local tax laws.
Airbnb is still expanding, with its most recent expansion bringing in more than 1,000 hosts in California.
The San Francisco rental market has been buoyed by a series of recent events that have seen the number of people using Airbnb jump in recent months.
Airbnb was founded in 2008 as an online booking platform that allowed users to rent out their homes and apartments to tourists.
Airbnb became one of the largest and most popular rental sites in the United States in 2015, and in 2016 it became the first company to raise its first-ever billion-dollar round of financing.
Airbnb began allowing guests to book rooms at its platform in April 2016, and last month the company announced it would launch a new service, called HomeAway, that lets hosts book homes and suites for as little as $500 a night.
Airbnb announced that HomeAaway would expand its service to include apartments, condominiums and other homes, starting in July.
Airbnb launched HomeAight in September 2016, with about 200,000 guests using it, including a record number of hotel guests.
Airbnb raised another $1 billion in funding last week, bringing its total funding to more than $10 billion.
Airbnb will continue to expand its services, and more people will be able rent out a home through HomeAawe, Airbnb CEO Brian Chen said at the time.
Airbnb, like other online services, can also be used by people to rent homes from a hotel or apartment manager, but it can also help them find a home for less money.
Airbnb allows hosts to add guests to their listings and can offer to pay the rent for those guests.
If a user wants to move out of their current Airbnb room, they can rent out another room, but Airbnb doesn’t offer a way to make those arrangements.
Airbnb said that Homeaway has helped many hosts find new places to live in the Bay Area.
Airbnb declined to comment on whether it would allow users to move to San Francisco to find better housing.