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Spokane AirBnB Market Open for the Taking

 

Have you ever looked at HOW MANY bnb-type listings are in the Spokane area? Better yet— have you looking at how much room for growth lies within the Spokane area short-term and vacation rental market? Exciting things are coming!
According to AIRDNA, a popular market short-term rental analysis tool, there are 532 in this market. Compare this figure to the following cities with active bnb rentals:

Salt Lake City, UT 2,338
Seattle, WA 8,000
Paris, France 33,745
New York, NY 36,048

For like comparison, Salt Lake City contains nearly the same population as Spokane but is 40% less densely populated than Spokane, and yet they have 1,806 more (almost quadruple!) short-term rentals available for corporate and leisure travelers. We’ve observed that Spokane’s economy is still in the early transitions from traditional hotel-and-cab-type city to a shared economy. From the introduction of Uber and Lyft, to the upcoming re-introduction of LimeBikes, there are many ‘shared’ type business models that have been introduced, and become very successful, in our local economy!

Bringing companies like Amazon’s fulfillment center and the announcement of Mullen Technologies, an electric car manufacturer, will only perpetuate the demand for this shared economy model. There is so much potential for the Spokane Market to expand it’s bnb offering, you really should join the movement and leverage maximum profits— giving you the edge on last-comers with bnb-style business, vacation rentals, and second homes. Your length of experience as a host and the multitude of reviews that you can earn now, while Spokane is just beginning this transition, will help you gain the competitive edge.

We can help you make the transition simple! Call us today, the economy is creeping further towards the shared-economy model and we are experienced and have been successful in managing profitable AirBnB properties, vacation rentals, and second homes.

 
Miranda LoPortoComment