Rental demand for ultra-luxury properties in the beach market is down as much as 75% this year, according to local brokers, due to economic volatility and poor spring weather
Americans heading abroad for the summer, former Hamptons renters becoming homeowners and a surplus of inventory have all led to the market's landlords slashing their rental prices
Nationally, short-term rentals are already seeing summer 2021 demand exceed 2019 levels, according to AirDNA, a short-term rental analytics company
While short-term rental stays that took place during February were at a record low, new bookings made during the month hit a high, according to short-term rental analytics company AirDNA
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