LA saw 60% increase in Airbnb listings this past year: report

Los Angeles /
Jul.July 11, 2016 10:30 AM

Los Angeles has seen a major surge in Airbnb listings this past year, despite increased scrutiny on the company.

L.A. County saw a 60 percent increase in listings this past May, compared the same period in 2015, according to an analysis by WeHo by the Numbers of new data from a third-party website, Inside Airbnb. Listings were up 30 percent in West Hollywood, where an amendment to the city’s zoning rules was recently passed, clarifying that short-term residential rentals are illegal.

There were 450 active Airbnb listings as of May 2, 2016 — 100 more than there were on May 24, 2015, according to WeHoville’s analysis of Inside Airbnb data.

There were about 500 listings in Santa Monica and over 1,000 in Hollywood, which saw a 50 percent increase since last year.

An overwhelming majority of the WeHo listings were for whole units — 70 percent — and 40 percent of active listings came from hosts with multiple listings.

As for rates, the median price per night for a whole unit was $140. The median price for single rooms was $79.

While West Hollywood formalized its ban on short-term rentals last year, the L.A. City Planning Commission only recently approved a set of strict limits and regulations on the platform, including the prohibition of non-primary residences. City Council will vote on the draft later this month. [WeHoville] — Cathaleen Chen


Related Articles

arrow_forward_ios
Morgan Brown and 948 North Orlando Avenue (Getty, 948 North Orlando Avenue via Todd Goodman)
WeHo compound breaks neighborhood record
WeHo compound breaks neighborhood record
From left: Warren Wachsberger, Mike Leipart, and James Harris with The Pendry Residences
The Agency steps into sales at The Pendry Residences WeHo
The Agency steps into sales at The Pendry Residences WeHo
GPI Companies’ Alexander Akhtarzad  and Josh Flagg with a rendering of Nine Thousand One (GPI, Getty)
Nine Thousand One joins Westside’s upscale apartment market
Nine Thousand One joins Westside’s upscale apartment market
A.J. Khair's Demitri Samaha and renderings for 8240 Sunset Blvd (A.J. Khair, Getty)
A.J. Khair eyes West Hollywood for hotel-housing complex
A.J. Khair eyes West Hollywood for hotel-housing complex
Hudson Pacific Properties Victor Coleman and Art of Quixote studios (Hudson Pacific Properties)
Hudson Pacific Acquires Quixote Studios for $360M
Hudson Pacific Acquires Quixote Studios for $360M
The Wing's Fatima Koning and the Wing West Hollywood, 8550 Santa Monica Blvd (The Org, The Wing, Getty)
Co-working operator The Wing goes out of business
Co-working operator The Wing goes out of business
André Balazs with Chateau Marmont (Getty, Google Maps)
Chateau Marmont scrubs members-only plan, accepts union
Chateau Marmont scrubs members-only plan, accepts union
Cottonwood’s Mark Green and Silver Creek's Franck Ruimy with 8850 Sunset Blvd (8850 Sunset Blvd , LinkedIn, Stan Hope Capitol, Getty)
Reimagined Viper Room’s developer scores $60M loan
Reimagined Viper Room’s developer scores $60M loan
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...