Airbnb buys massive NYC office despite long-standing conflict over short-term rentals

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleAirbnb reportedly paid $81.5 million for its first New York City office building purchase, a six-story, 42,500-square-foot property near Gramercy Park (Google Maps)Airbnb reportedly purchased its first Manhattan office building for $81.5 million, located at 281 Park Avenue South. This acquisition occurs despite the company's ongoing conflict with New York City over its stringent short-term rental regulations. New York City's Local Law 18, enforced since 2023, requires most hosts to register and significantly limits Airbnb-style rentals to protect housing and prevent illegal hotel operations. Airbnb has strongly opposed these restrictions, arguing they prevent residents from earning extra income and do not solve housing affordability problems, spending millions on political efforts. The company stated the new building will serve as one of its largest employee hubs outside San Francisco, accommodating over 600 New York-area employees for optional in-person collaboration. In fullAirbnb buys $81M HQ in New York – after city’s strict clampdown on company’s short-term rentalsMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

Raccontata daindependent.co.ukeluniverso.com