Regulatory Crackdown Drives Shift to Midterm Rentals – But Don’t Expect the Same Payoff
Skift Take
The regulatory crackdown on short-term rentals in markets like New York coupled with a shortage of long-term housing that’s only getting more expensive, is creating space for midterm housing to thrive.
The market for midterm rentals is growing, and while it’s a good alternative for those forced out of short-term rentals because of regulations, it’s not quite as lucrative an investment.
Often defined as a furnished stay of one to 12 months, midterm rentals serve a different market compared to short-term rentals – think people moving for new or medium-term jobs. Midterm renters are usually not looking for leisure destinations and tend to be more urban-bound.
“There's regulatory press
