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Venice Update

News of Venice, CA and Marina del Rey CA

What Impact Will STR Ordinance Have on Venice Rental Market?

Marie Hammond asked the question: What impact will the new Short-Term Rental (STR) ordinance, when operative, have on the Venice rental market? Hammond provided the AirBnB map showing 1500 units in Venice as of January 2016. The information also shows that the City Planning Commission considers Venice a focal point for the STR market. Will this put a glut of vacancies in Venice? Will the rents go down?

City Planning

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