Boston Lost More Than Half Its Airbnb Listings Last Weekend

Boston Lost More Than Half Its Airbnb Listings Last Weekend

Out with the short-term leases, in with the regulation. After months of lashing out at Boston officials while they deliberated short-term lease restrictions, Airbnb has eliminated more than half its local inventory to follow City Hall orders.  The short-term rental platform dropped somewhere between 3,000 and 5,000 Boston listings Sunday from its roster, Wired reports. Boston's new short-term listing regulations call for hosts to register with the city and only allowed short-term rentals in homes where the owner was present. Platforms like Airbnb and VRBO had to notify the city and remove listings that didn't comply with the new guidelines. While Airbnb previously had more than 6,000 listings, Boston has only approved 737 short-term rental hosts. City officials told Wired they won't know exactly how many listings were eliminated until Airbnb submits a December activity report next month.  Boston's push to crack down on short-term rentals was aimed at freeing up much-needed housing stock in the city and deterring owners from running second homes and condos like hotels without the regulation.  Airbnb now complying with the regulation is a departure from its previous tone.  The company sent a mass email lashing out at Boston leaders in April 2018 while the Boston City Council weighed potential ways to rein in the short-term rental industry. Airbnb accused Boston City Councilor Michelle Wu of aligning with the hotel industry against constituent interests. That move backfired: The city council wound up passing even tougher regulations than initially proposed.  Following passage of the new regulation, Airbnb sued the city of Boston in federal court over the mandate to take down listings and report to city officials hosts who weren't abiding by the rules. That lawsuit was settled in August on the condition Airbnb would purge rule-breaking listings by Dec. 1. "We are proud to have found a path forward for home sharing with the city of Boston," an Airbnb spokesperson said in a statement to Wired.

Respectfully, 


Richard Murillo


Vice President - Los Angeles
Synergy Real Estate Group, Corporate Advisory Inc.
515 South Flower Street, Suite 1800; Los Angeles, California 90071
Office: (323) 209-8510  •  Fax: (888) 979-6734  Mobile (323) 209-8510
richardmurillo@synreg.com  •  www.synreg.com 

CalBRE Salesperson: 02050954

Corporate CalBRE: 01911753

Synergy Real Estate Group, Corporate Advisory Completes 3rd NASA Lease for 11,000sf  Solar Sail Test Facility

Synergy Real Estate Group, Corporate Advisory Helps NASA Hubble Lease New 120,000sf Headquarters


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Synergy is a tenant / buyer representation - corporate real estate advisory firm that exclusively represents medium sized companies and corporations for their real estate needs. A short list of our clients include CBS Studios, Tesla Motors, Hitachi, NASA, Cisco Systems, HP, ExxonMobil, DELL, Charles Schwab, Orrick Harrington, Farmers Insurance, Wabash Technologies (Mexico), TATA (India), Larsen Tourbo (India), TCP (China), Prexion (Japan).  We do not represent Landlords or Building Owners, only Tenants. We identify the space, send out proposals on your behalf, draft and negotiate the contract and close the transaction. In the proposal process, we get landlords/property owners to compete for your business to secure the best terms and price.  We differentiate ourselves from most commercial real estate brokerage firms by holding a strict policy of not listing property.  By doing so, we are not limited to our own listings and can show you every property in the market.  By not aligning ourselves with Property Owners, we avoid any possible conflicts of interest inherent in representing both sides of the transaction.  We get compensated only if the deal closes.  The listing broker splits their commission with us for negotiating the Tenant's interests in the transaction.

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