Key facts
- Short-term rental prices in NY and NJ are increasing due to the World Cup.
- Many property listings have at least doubled their nightly rates.
- Some owners are raising rents by as much as 1,500%.
As the World Cup approaches, property owners in New York and New Jersey are capitalizing on the influx of tourists by drastically increasing short-term rental prices. A review of listings on popular rental websites revealed that nearly all available properties, ranging from small apartments to large mansions, have at least doubled their nightly rates. Some owners are reportedly seeking increases as high as 1,500% specifically for the duration of the tournament.